The Great Monetary Collapse was an economic disaster that occurred on Ferenginar around the time Quark was serving as a cook on a Ferengi freighter, sometime between 2351 and 2362. It was described as "rampant inflation and currency devaluation that were burning like wildfires through the lush financial landscapes of" Ferenginar.
Since the Ferengi Alliance was built upon and governed by the idea of a free-enterprise system, this was considered a disaster much like the bombing on Earth that occurred on stardate 49170.65 – the first such disaster on Earth in over a hundred years. (DS9: "Homefront")
See also Edit
Background information Edit
Although no clear distinction was made to support the cause of The Great Monetary Collapse, it may have been associated with the "steep market slide" that lead to the assassination of Grand Nagus Smeet, a drop that wouldn't be seen again until 2373, when a comparable 199 point drop was experienced. (DS9: "Ferengi Love Songs")
The novel Twist of Faith contained a timeline listing Quark arriving on Terok Nor in 2360 after spending eight years as a cook on the Ferengi freighter, placing the Great Monetary Collapse between the years of 2352 and 2360.