Surviving a pandemic... Why some companies will not make it ?
Over the course of history, the world has been through various crisis and chocs. One of the oldest recorded economic crisis was the one that happened about 2000 years ago, in the Roman empire . It was simply caused by the loss of trade ships that sank in the red sea and pushed the prices of goods like ostrich feather and ivory, the crisis expanded to touch real estate, trade and agriculture. Laurens Mort de Tibère About the same time the great house of Malchus and Co. of Tyre with branches at Antioch and Ephesus, suddenly became bankrupt as a result of a strike among their Phoenician workmen and the embezzlement of a freedman manager. These failures affected the Roman banking house, Quintus Maximus and Lucious Vibo. A run commenced on their bank and spread to other banking houses that were said to be involved. This situation caused the banks to push borrowers to pay back their loans. Real estate value crashed because there were no liquidity available and the rest is hist...