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The Lexus And The Olive Trees
: The Lexus and The Olive Tree
Summary: Opening Scene: The World Is Ten Years Old.
“ The trouble spread to one continent after another like a virus.” USA Today
On December 8, 1997, the government of Thailand shut down 56 of their countries finance houses. These finance houses borrowed heavily in U.S. dollars and lent those dollars out to Thai businesses for the building of hotels, office blocks, luxury apartments and factories. Almost overnight, these private banks had been bankrupted by the crash of the Thai currency, the baht. This situation caused a domino effect on other leading businesses that caused money pro ....
Word count: 2343 - Page count: 9
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