<P> In October 1987 , the international Stock Market Slump saw markets crash around the world . The crisis originated when Japan and West Germany pushed up interest rates , pressuring US rates also to rise , triggering a massive sell off of US shares . Global share prices fell an average of 25 % , but Australia saw a 40 % decline . 17 of the 18 major OECD economies experienced a recession in the early 1990s . </P>
<P> In October 1987 , the international Stock Market Slump saw markets crash around the world . The crisis originated when Japan and West Germany pushed up interest rates , pressuring US rates also to rise , triggering a massive sell off of US shares . Global share prices fell an average of 25 % , but Australia saw a 40 % decline . 17 of the 18 major OECD economies experienced a recession in the early 1990s . </P>
why were interest rates so high in 1990
why were interest rates so high in 1990
international Stock Market Slump
international Stock Market Slump