The History of Gaels 80s Market Crash (OOC, TWI Only)
Posted: Wed Oct 30, 2019 4:17 pm
This is a discussion thread for the Gael Market Crash, known as the Aruian Fumble later on. Based on Gael Collaboration thread for The Western Island area
The Economic Crisis of the 80s
Known as The Gael Crash or later on the Aruian Fumble, was an economic crisis that began at the start of the 80s due to a main bank “Bank of Gael” in Gaels stocks crashing dramatically for unknown reasons,leading to many investors to cash out from Gael stock markets and immediate halt of using Gael currency for trade.
Currency value is decreased in all of Gael, affecting Roendavars main market investors, and later on, leading to a complete lay off in many business sectors across Gael with the main Gael bank failing to hand out money for several days.
The main Gael bank is under an umbrella corporation called “Gael Finances” that sit in Aruia and has several bank companies across the TWI. after many layoffs across Gael, riots in Roendavar pressure from nations lead to a full investigation it is discovered that a complete mishandle by the ministry of finance and ministry of commerce in property led to the start extreme stock value crashing and leading to a complete economic crisis.
General timeline of the Market crash:
70s - Economy and trade all through 1970s to the start of 1980 revolve around treaties that were regulated by the transgoverment body: Association of Central Gaeltic States with the exclusion of some Gael state such as Aruia.
1973 - Gael Finance and Bank of Gael secretly been nationalized and seized by the ministry of commerce and finance, under the labor party.
- civil wars occur through Orsandia, Balnik leading to heavy focus and involving the ACGS with Ostehaar making heavy investment and direct involvement in the activity.
1974 - Bank Lidara in Aruia has been acquired by Gael Finance, expert in loans, stock market and share holds worth with existing branches in D&S and Ainslie as well.
1975 to 1980s - Gael Finance uses Bank Lidara as an extension arm to hand out large loans to companies affected by the civil wars economical outcome
- several governments make risky loan moves that are a breach of the ACGS in order to recover from a post war period.
- ACGS in response encourages deregulation moves, allowing Gael Finance to form hostile take over on several banks across Gael.
- a massive drop in Bank of Gaels stocks causes investors to pull out Gaeltic projects and investments. ACGS proves incompetent and begins to dissolve itself.
- Bank of Gael floods the Gael market with Magarati products and labor, additional flood of foreign cheap good lead to a loss in many local manufactures and a mass recession period.
1982 to 1984 - ACGS officially dissolves, forcing nations like Ostehaar to pick up the burden of post civil war nations political stability which in response weaken its market
- Aruia shows spike of recovery thanks to the involvement of the ministries in Gael Finance keep the Aruian market partially stable in comparison to the rest of Gael
- post Joel Gisbourne government begins investigating into all failing and bank robbed companies in Ainslie, leading back to Gael Finance. Backed by other nations in Gael an international investigation begins.
1985 - see out comes.
Outcomes:
Roendovar riots start, leading Roendovar to a bordering socialist nation
Aruia: people completely mistrust the government's economic plans, and Aruia closes down the ministry of commerce and ministry of finance as a first act that begins a market rehabilitation project.
Ainslie:
Key notes prior:
Ostehaar already through the mid-80s suffer an economic crisis from being involved in two wars, with the additional aspect of a market crash and decrease in Gael currency value could have derailed Ostehaars economy even deeper to a recession.
Verdon in the early 80s enter a civil war, the economic crisis could be additional fuel for the civil war with it ends signaling a market recovery process in Verdon specifically.
affected banks:
Bank of Gael(All of Gael)
Bank Lidara (Aruia)
Lennester Bank (Ainslie)
Bank of Kapolder (Dormill and Stiura)
List of businesses affected:
De'Vira Investments (Aruia)
The Economic Crisis of the 80s
Known as The Gael Crash or later on the Aruian Fumble, was an economic crisis that began at the start of the 80s due to a main bank “Bank of Gael” in Gaels stocks crashing dramatically for unknown reasons,leading to many investors to cash out from Gael stock markets and immediate halt of using Gael currency for trade.
Currency value is decreased in all of Gael, affecting Roendavars main market investors, and later on, leading to a complete lay off in many business sectors across Gael with the main Gael bank failing to hand out money for several days.
The main Gael bank is under an umbrella corporation called “Gael Finances” that sit in Aruia and has several bank companies across the TWI. after many layoffs across Gael, riots in Roendavar pressure from nations lead to a full investigation it is discovered that a complete mishandle by the ministry of finance and ministry of commerce in property led to the start extreme stock value crashing and leading to a complete economic crisis.
General timeline of the Market crash:
70s - Economy and trade all through 1970s to the start of 1980 revolve around treaties that were regulated by the transgoverment body: Association of Central Gaeltic States with the exclusion of some Gael state such as Aruia.
1973 - Gael Finance and Bank of Gael secretly been nationalized and seized by the ministry of commerce and finance, under the labor party.
- civil wars occur through Orsandia, Balnik leading to heavy focus and involving the ACGS with Ostehaar making heavy investment and direct involvement in the activity.
1974 - Bank Lidara in Aruia has been acquired by Gael Finance, expert in loans, stock market and share holds worth with existing branches in D&S and Ainslie as well.
1975 to 1980s - Gael Finance uses Bank Lidara as an extension arm to hand out large loans to companies affected by the civil wars economical outcome
- several governments make risky loan moves that are a breach of the ACGS in order to recover from a post war period.
- ACGS in response encourages deregulation moves, allowing Gael Finance to form hostile take over on several banks across Gael.
- a massive drop in Bank of Gaels stocks causes investors to pull out Gaeltic projects and investments. ACGS proves incompetent and begins to dissolve itself.
- Bank of Gael floods the Gael market with Magarati products and labor, additional flood of foreign cheap good lead to a loss in many local manufactures and a mass recession period.
1982 to 1984 - ACGS officially dissolves, forcing nations like Ostehaar to pick up the burden of post civil war nations political stability which in response weaken its market
- Aruia shows spike of recovery thanks to the involvement of the ministries in Gael Finance keep the Aruian market partially stable in comparison to the rest of Gael
- post Joel Gisbourne government begins investigating into all failing and bank robbed companies in Ainslie, leading back to Gael Finance. Backed by other nations in Gael an international investigation begins.
1985 - see out comes.
Outcomes:
Roendovar riots start, leading Roendovar to a bordering socialist nation
Aruia: people completely mistrust the government's economic plans, and Aruia closes down the ministry of commerce and ministry of finance as a first act that begins a market rehabilitation project.
Ainslie:
Key notes prior:
Ostehaar already through the mid-80s suffer an economic crisis from being involved in two wars, with the additional aspect of a market crash and decrease in Gael currency value could have derailed Ostehaars economy even deeper to a recession.
Verdon in the early 80s enter a civil war, the economic crisis could be additional fuel for the civil war with it ends signaling a market recovery process in Verdon specifically.
affected banks:
Bank of Gael(All of Gael)
Bank Lidara (Aruia)
Lennester Bank (Ainslie)
Bank of Kapolder (Dormill and Stiura)
List of businesses affected:
De'Vira Investments (Aruia)