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Bear Stearns

Bear Stearns was an investment bank based in New York city. It collapsed during the sub prime crisis of 2008 It was founded in 1923 and survived the stock market crash of 1929 It was one of the world’s largest investment banks it had a market capitalisation of $20 billion It operated a wide range

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Black Wednesday

On 16th of September 1992 a collapse in the pound sterling forced Britain to withdraw from the European exchange rate mechanism , the ERM. This day has since become known as Black Wednesday The ERM was introduced by the EU to stabilise European currencies in preparation for the introduction of the euro. Countries intending to

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Bretton Woods

The Bretton Wood Woods conference took place from 1 July – 22 July 1944 at the Mount Washington hotel, Bretton Woods New Hampshire. It was attended by representatives from 44 nations The purpose of the conference was to formulate a new international monetary and financial system after the conclusion of World War two There was

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Brexit

At 11pm , 31st December 2020 the UK left the European Union and implemented a new trading arrangement with Europe. The transition period , which had meant that nothing changed after the formal exit on 31st January 2020, came to an endThis brought to an end 43 years of EU membership which began in 1970

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Brown , Gordon

Gordon Brown was Prime Minister of the UK from 2007 to 2010 having been Chancellor of the Exchequer from 1997 to 2007  under PM Tony Blair. Very soon after his appointment he had to deal with the 2007 2008 global financial crisis and institute measures to deal with it. Gordon Brown and his Chancellor ,

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