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Bursting of Dot.com bubble
The Burst of Dot.com Bubble was a stock market bubble caused by excessive speculation of internet-related companies in the late 1990s which had massive growth and use of the internet but was burst because of the abundance of venture capital. It is an economical event because one of the other reasons the bubble burst was because of the use of metrics cause it ignored cash flow. -
9/11 terrorist attacks
Terrorists hijacked planes and crashed the into the Twin Towers. It's an economical event because, after the attacks, the u.s. had an increase in defensive spending from the war on terror making the u.s. going into more debt. -
War on Terror
The war on terror is a campaign to go to war to kill the terrorists after the 9/11 attacks by President Geroge W. Bush. It added 2.4 trillion dollars of debt to the United States. -
The Emergence of Corporate Fraud ( Enron Scandal)
There was a huge wave of corporate fraud in 2000,s for 5 years straight from 2000 to 2005. The Major companies apart of corporate fraud around these times used World.com and Enron. This was an economical event cause the Enron Scandal, what they called it, caused them a huge bankruptcy and the biggest bankruptcy in U.S. History. -
Hurricane Katrina
Hurricane Katrina was a category 5 hurricane that killed 1800 people hitting Louisiana, Alabama, and a few more states and cities. Mostly damaging New Orleans. It caused 125 Billion Dollars worth of damage to the areas affected by Katrina. -
Hurricane Rita
Hurricane Rita was a category 5 hurricane. It is on record for the most intense tropical cyclone to hit the Gulf of Mexico and the 4th on record for the most intense Atlantic hurricane ever recorded. It caused 18.5 billion dollars in damages. -
China and India Financial Power Growth
In the middle of 2000's China and India open their borders and than businesses now started making arrangements with each other from both countries.In the 1990's Sino- Indiana stagnated 250 million a year but by 2008 it got raise more than 50% to 30 billion. -
The Burst of Housing in the U.S.
At the start of 2007, Housing prices started to decline rapidly around the U.S. This event caused the collapse of the U.S. subprime Mortage industry which led to individuals that had poor credit sometimes didn't have to make down payments. This was an economical event because this was the single-year drop in home prices that happened in more than 2 decades. -
Bernie Madoff Ponzi Scheme
Bernie Madoff was a wall street advisor that ran the Ponzi Scheme for 20 years until he was arrested and convicted in 2009. He was sentenced to 150 years to life for 11 federal crimes. It is known as one of the biggest and famous Ponzi schemes in history. He made 50 billion from this scheme but after he was arrested he was told he would have to pay 200 billion in restitution. -
The Global Recession
The Global Recession was marked a general decline in national economics globally that happens for 18 months. Unemployment got up to 10% and The Global GDP decline went to -5.1 %.
