2000-2010 Economic Time-Line

By 400013631

  • Turn of the Century

    The Turn of the Century from the 20th to the 21st Centery

  • The Dot.com Investment loss

    After much speculation and an inflammation report, technology stocks fell in value.

  • George W. Bush Elected

    George W. Bush [R] is Elected as president of the United States
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    2001 Recession

    The 2001 Recession has multiple theries as to why it occured. A leading one states it was caused by the aftermath of the Y2K scare. The recession only got worst after the 911 terrist attacks.

  • 2002 Stock Market Crash

    The stock market crashes due to loss of investor confidence in the stock market. It is often contributed to the collapse of Enron and the 911 terrorist attacks.

  • 911

    The terrorist attacks on the world trade center and pentagon caused by plane hijackings. It worsted the 2001 recession. Flights were stopped for weeks after the attack. Flight security was greatly strengthened after the attack to prevent future hijackings.

  • The Fall of Enron

    Enron, one of the top energy company's of the time, shuts down because of corporate fraud. The event cost investors more than 60 billion. This event led the government to pass the Sarbanes-Oxley Act
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    Stock Market Rise

    The Stock Market rose and was doing well for 5 years.

  • George W. Bush Re-elected

    George W. Bush [R] is re-elected as president of the United States

  • Hurricanes Katrina and Rita

    Between the two, more than $200 billion in damage was done. 400,000 jobs were lost and 275,000 homes were destroyed.
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    The Sub-Prime housing Crisis

    Banks begin giving out loans to those who would not formally qualify for loans. They were able to get Mortgages at low or no down payments at adjustable rates. The interest rates grew with the adjustable rate loans, and many home owners were unable to pay their mortgages. This is a factor that led to the global recession.
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    The Global Recession

    The largest global recession that had occurred since the Great Depression. It is largely believed to have been caused by the Sub-Prime housing crisis.

  • Barack Obama Elected

    Barack Obama [D] is elected as president of the United States.