-
The Panic of The 1901
A recession that started a fight for the financial in the Northern Pacific Railway. -
Depression 1920 - 1921
The Depression of 1920–21 was a sharp deflationary recession in the United States and other countries, 14 months after the end of World War I. It lasted from January 1920 to July 1921. -
Period: to
The Great Depression
The Great Depression lasted from 1929 to 1939, and was the worst economic downturn in the history of the industrialized world. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. -
Energy Crisis
The 1970s energy crisis was a period when the major industrial countries of the world, particularly the United States, Canada, Western Europe, Japan, Australia, and New Zealand, faced substantial petroleum shortages, real and perceived, as well as elevated prices. -
Period: to
Lost Decade
The Latin American debt crisis was a financial crisis that originated in the early 1980s (and for some countries starting in the 1970s), often known as the "lost decade", when Latin American countries reached a point where their foreign debt exceeded their earning power and they were not able to repay it. -
Secondary Banking Crisis
A crash in British property prices that caused many small lending banks to almost become bankrupt -
Early 1980 Recession
In the early 1980s, Canada experienced higher inflation, interest rates, and underemployment than the United States did. The Bank of Canada rate hit 21% in August 1981, and the inflation rate averaged more than 12%. The inflationary period made Canadians seek to protect themselves through investment in the housing market. The increase in transactions was financed through borrowing and ultimately caused debt levels to rise. -
Chilean Crisis
- 1982 the debt crisis hit Chile
- Unemployment above 20%
- Most banks went bankrupt
- subsidizing and rescue of banks caused central banks deficits, leading to increases inflation
-
Bank Stock Crisis
The Bank stock crisis was a financial crisis that occurred in Israel in 1983, during which the stocks of the four largest banks in Israel collapsed. As a consequence, these banks were nationalized by the state -
Period: to
Japanese Asset Price Bubble
- Estate and stock maret prices inflated
- The bubble was characterized by rapid acceleration
- Uncontrolled money supple and credit expansion
-
Period: to
Savings and Loan Crisis
- By 1995 the RCT had closed 747 failed institutions nation-wide
- In 1996 the General Accounting office estimated the total cost to be 60 billion including 132.1 billion taken from taxpayers
- in 1979 the FRS of the US raised the discount rate that it charged its members from 9.5%- 12%
-
Black Monday/Tuesday
- Dow Jones Industail Average (DJIA) lost akmisy 22% in one day
- Black Monday refers to Money October 19th, 1987
- Crash began in Honk Gong then hitting the United States
- Also referred to Black Tuesday because of the time zone difference
-
1990 Recession
-From 1982 - 1990 The US economy experienced Robust Growth, modest unemployment, and low inflation.
-Another cause is the raise in interest rates
-Lasted 8 months
-Characterized by a sluggish employment recovery, most commonly referred to as jobless recovery. -
Swedish Banking Crisis
A housing bubble in Sweden that deflated during 1991 and 1992 resulting in severe credit crunch -
India Economic Crisis
- India's central banks had refused new credit
- Foreign exchange reserves had been reduced to a point where India could barley finance three weeks' worth of imports
- India depended on Asia for oil, south Africa for gold, US for technology, south east Asia for vegetable oil ect. To buy from them they would need US dollars. The only way for them to get US dollars is to sell enough of their own goods.
-
Period: to
1991 Finnish banking crisis
- Total taxpayer cost was roughly 8%
- Making it the most severe of the contemporary Nordic crisis
- until the 1980s the Finnish financial market was tightly regulated.
- The bank of Finland collected interest rates, foreign exchange rates, and import and export of currency
