1698 Hazarese economic collapse
The 1698 Hazar Economic Collapse is the name of a series of economic crises and events that started at the beginning of 1698 and still continue. The Hazar Yeni Parti's abolishment of the prime ministership and the mismanagement of the country and its pulling the country towards Radical Umrasim rules ignited the fuse of events. The demonstrations started with a moderate protest, but the tensions escalated as police used disproportionate force.
Fifteen people lost their lives in the demonstrations in the 1698 Pride Parade, after which some cases of looting and arson began to increase across the nation. When the ruling party discovered the power of social media in the protests, it secretly ordered its youth branches to create fake accounts on Tweeter that constantly support the party.
ULAS Motors announced its expectation of a loss of 5 percent within the year, factories became unable to do business. In general, the products prices in the country were increased by one hundred percent and additional taxes were increased.
