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.
Economists still cannot agree on what caused the Great Depression. Most however have agreed that it was a combination of events and decisions that came into play that caused the Great Depression. Stock Market Crash of 1929. The Wall Street Crash of 1929, is cited as the case of the Great Depression. However, while it does share some of the blame the crash ruined peopleâs fortunes and destroyed confidence in the economy. However, most believe that the crash alone would not have caused the Depression. World War One. After World War One (1914-1918) many countries struggled to pay their war debts and reparations as Europe began to rebuild.