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Period: to
Financial Timeline
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Savings and Loans Crisis
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US Housing bubble starts - Rise in prices
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2000's Engery Crisis
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Houses in the US hit peak point
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Financial Crisis 2007-2008
Considered by many economists the worst financial crisis since the Great Depression of the 1930s.
The threat of total collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world, The housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, -
Automotive Industry Crisis
The prices of automotive fuels linked to the siscouraged purchases of SUVs and pickup trucks which have low fuel economy. North American consumers turned to smaller, cheaper, more fuel-efficient imports from Japan and Europe. http://en.wikipedia.org/wiki/Automotive_industry_crisis_of_2008â2010 -
US Recession starts
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Oil peaked at $147.30
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Oil prices stabilized
Oil prices stabilized by October 2009.
Established a trading range between $60 and $80