What is an economic crisis? Definition and examples
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What is an economic crisis? Definition and examples
An economic crisis is a crisis that affects the whole economy rather than just parts of it. A financial crisis, however, affects just the financial sector.
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Coin clipping wasn't just an English problem; it was a rampant fraudulent practice across medieval Europe. The small amounts of precious metal shaved from coin edges accumulated, debasing the currency and causing severe economic instability. In England, the crisis reached a turning point when King Edward I initiated a severe crackdown between 1278-1279. He issued the 'Capitula de tonsura monete,' articles of inquest to systematically hunt down offenders. While driven by greed, the practice was a
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