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Similar to The Worst Financial Crises In History
Similar to The Worst Financial Crises In History (19)
The Worst Financial Crises In History
- 2. The Great Depression (1929-1939) Notable Effect: Stock market crashes, unemployment hits all-time high
- 3. 1973 oil crisis Notable Effect: gas prices skyrocket, fuel rationing occurs, resulting in long gas lines
- 4. Asian Financial Crisis (1997) Notable Effect: Asian Economy destabilized, prompting fears of destabilization in the world economy
- 5. Ruble Crisis (1997) Notable Effect: Inflation of the Russian Ruble increased dramatically, massive shortages of basic resources like food
- 6. Dot Com Bust (1999) Notable Effect: Dozens of overfunded dot coms fail to make a profit and close their doors
- 7. Enron Crisis (2000) Notable Effect: Enron employees lose all their savings, a few Enron executives are prosecuted for fraud
- 8. Sub-prime mortgage crisis (2006) Notable Effect: massive amounts of sub-prime loan defaults do major damage to American housing market
- 9. AIG Collapse (2008) Notable Effect: Largest stock market plummet since The Great Depression, government forced to subsidize AIG
