Analisi delle maggiori crisi finanziarie degli ultimi cent'anni (1929, 2008, 2020)

During the last century there have been many financial crises of different nature. Without considering the two World Wars, the three most impactful financial crises of the last century have been registered in 1929, with the Great Depression, in 2008, with Great Recession and, finally, the most recent and actual one due to the Covid-19 Pandemic. This work aims to analyze the different nature of the three crises treated, and the impact they have had on the global economy: the 1929’s one which lasted more than 10 years, due to the people overconfidence and the stock speculation practiced by Wall Street brokers, and the consequent Great Recession, with a peak of unemployment rate, large deflation, and so a GDP crash difficult to heal; the 2008 one, also known as “Subprime Mortgage Crises”, due to the house prices bubble, with no control in mortgages concession, and the consequent resale of that insolvent mortgages as a financial instrument denominated “derivative”. Finally, the 2020 crisis, something completely different from the first two cited, due to the Covid-19 Pandemic and the forced lockdown interrupting work and production. Then, the final important point of the work is the analysis of recovery plans adopted to overcome the past two crises, and the one in force now.