Today The Bahamas has become one of the world's foremost vacation resorts. Nassau is the political capital and the commercial hub of The Bahamas. Tourism and international banking and investment management accounts for more than 55% of the country's gross domestic product.
The financial crisis of 2007â08, also known as the Global Financial Crisis and 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.he financial crisis of 2007â08, also known as the Global Financial Crisis and 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.
Our thesis is simple: The inflation was caused by the government issuing a flood of new money, causing prices to rise. Then, as the inflation gained momentum, events seemed to demand the printing of larger and larger issues of currency.To half the process would have taken political courage, and this was lacking.ur thesis is simple: The inflation was caused by the government issuing a flood of new money, causing prices to rise. Then, as the inflation gained momentum, events seemed to demand the printing of larger and larger issues of currency.