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If too optimistic and overinvested market breaks down, it can hit with a disastrous force.
In individualistic capitalist system it is not easy to exert a conscious influence on restoring in economic life. It is a characteristic of depression which was rightly emphasized by bankers-entrepreneurs but which was not appreciated by bankers-economist. At the time of economic growth many new investments bring a satisfactory current income. A breakdown occurs when there appear doubts if the anticipated income is attainable. Once the doubts occur, they spread very fast.
,ILOOXVLRQDUHVKDWWHUHGWKHUHDSSHDUVDQuH[FHVVLYHSHVVLPLVPvLQSODFH of anticipations. There comes to situations when no one can afford having a flat in the already existing houses.
The paper presents not only the process of financial crisis but also analyzes its causes an effects.
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