Economic Developments: The 'Big Bang' Flashcards
What was the ‘Big Bang’?
The explosion in the amount of people and money made in the London Stock Market in the late 1980s
What caused the ‘Big Bang’?
The Financial Deregulation of the London Stock Market
When did the ‘Big Bang’ occur?
October 1986
Who had access to the London Stock Market before the Financial Deregulation?
The wealthiest and most well-connected people in British Society
Who had access to the London Stock Market after the Financial Deregulation?
Everyone in the whole world
What happened with foreign interest after the Big Bang?
Many foreign entities flocked to the Big Bang financial explosion
What was the case for the London Stock Market by 2000?
It had become the worlds leading financial centre
What was significant about the London Stock Market’s title in 2000?
The London Stock Market had not had this title since 1914
What was the average economic growth percentage from 1984-8?
3.7%
