Modern History: 10 American Financial Meltdowns in the 20 Century

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10 American Financial Meltdowns in the 20 Century

Printed From: History Community ~ All Empires
Category: Regional History or Period History
Forum Name: Modern History
Forum Discription: World History from 1918 to the 21st century.
URL: http://www.allempires.com/forum/forum_posts.asp?TID=25836
Printed Date: 20-May-2024 at 02:17
Software Version: Web Wiz Forums 9.56a - http://www.webwizforums.com

Topic: 10 American Financial Meltdowns in the 20 Century

Posted By: Spartakus
Subject: 10 American Financial Meltdowns in the 20 Century
Date Posted: 06-Nov-2008 at 21:12

Banks failed, stock prices collapsed, and panic descended on Wall Street. Americans were holding their collective breath as a rescue plan was hastily drafted. The 2008 financial crisis? Nope - it was the Panic of 1907, and again in 1929, 1987, and so on.

Since its independence more than 230 years ago, the United States has grown to have the largest economy in the world (GDP of $13.8 trillion as of 2007, by the way. That's $13,800,000,000,000). But we didn't get there without quite a few bumps on the road.

To put today's economic trouble into perspective, let's take a look at the 10 financial disasters in the United States in the past century

http://www.neatorama.com/2008/10/08/10-american-financial-meltdowns-in-the-past-century/ - http://www.neatorama.com/2008/10/08/10-american-financial-meltdowns-in-the-past-century/

I found this very interesting site. Any objections with it?

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"There are worse crimes than burning books. One of them is not reading them. "
--- Joseph Alexandrovitch Brodsky, 1991, Russian-American poet, b. St. Petersburg and exiled 1972 (1940-1996)

Replies:

Posted By: Seko
Date Posted: 06-Nov-2008 at 21:19

Can't disagree with any of those. I would have added an 11'th though - the days when AE went with donations prior to google ads.

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Posted By: Suren
Date Posted: 06-Nov-2008 at 21:56

Do you still need donation, Seko?

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Anfører

Posted By: Seko
Date Posted: 06-Nov-2008 at 23:08

Thanks but we're good Suren.

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