Some world economic case was happen among 30 years ago. In my article, i try to collect it.
Panic 1797
The economic crisis lasted for 3 years from 1797 until 1800. As a result of deflation, the Bank of England that spread across the Atlantic and North America and caused the destruction of trade and real estate marketing in the United States and around the Caribbean. Affected the UK economy as a result of the reversal of the deflation during the war with France during the French revolution.
Depression 1807
Depression occurred during the seven years from 1807 to 1814. Embargo laws of the United States during 1807 was released by the U.S. Congress when President Thomas Jefferson lead. This is destroying the industry related to the shipment. The federal attempt to fight this embargo and try to make smuggling in New England.
Panic 1819
The crisis occurred during the 5 years from 1819 until 1824. This is the first financial crisis affecting the United States finances large-scale, the banks were falling, unemployment, and declining agricultural and manufacturing industries. This also marked the end of the economic expansion that followed the 1812 War.
Panic 1837
Lasted between 1837 to 1843. U.S. economy fell sharply due to bank failures and lack of confidence in paper money. Market speculation led to a bank in the U.S. to stop trading in the form of gold and silver coins.
Panic 1857
Occurred for three years until the year 1860. Fall of Life Insurance Company and Ohio Trust an explosion of speculation in the U.S. transportation sector. More than 5000 businesses fail is less than a year since the panic and the unemployment protest in urban areas.
Panic 1873
Occurred during the six years due to economic problems in Europe caused the collapse of Jay Cooke & Company, the largest bank in the United States. This also led to speculation of a civil war in America. Coins Act 1873 also contributed in the collapse of silver prices which destroyed the North American mining industry.
Prolonged depression
As the name implies, this depression swallowed time 23 years since 1873 until 1896. The collapse of the Vienna Stock Exchange caused the economic depression that spread throughout the world. This is very important to note where in this period, global industrial production greatly increased. In the United States for example, the production growth reached a four-fold.
Panic 1893
Occurred for three years until 1896. Occur due to failure of the United States Reading Railroad and withdrawal of European investors to the stock market and banks collapse.
World War I recession
Occurred for three years until 1921. The occurrence of hyper inflation in Europe led to excess large-scale production in North America.
1929 Great Depression
The largest depression and remembered throughout history. Occurred during the 10 years from 1929 to 1939. Stock markets around the world when it was falling and the banks in the United States into bankruptcy. Millions of unemployment and poverty is rampant emerged.
1953 recession
Occurred during one year. After the Korean War inflationary period ended, a lot of money transferred to the national security of the United States. Change in Fed policy is more restrictive in 1952 lead to further inflation.
1973 Oil Crisis
Happened for two years until 1975. Rising oil prices set by OPEC and the high cost of the United States in the Vietnam War leads to stagflation in the United States.
Recession Start in 1980
Occurred in early 1980 for two years, the Iranian revolution to the spiraling oil prices and the emergence of the energy crisis of 1979. Change of regime in Iran led to declining oil supplies so that oil prices soared. Tight monetary policy in the United States to control inflation lead to another recession.
Initial Review 1990
Occurred during a year in which trade and industrial products manufacturing decreased.
Recession Start in 2000
Occurred during the two years from 2001 to 2003. Collapse of the dot-com business, the September 11 attacks and accounting scandals led to the crisis around North America.
Economic Depression 2008
Depression that is currently sweeping the world. This is due to several factors such as rising oil prices are causing rising food prices around the world, the credit crisis and the collapse of many bank investors, rising unemployment, causing global inflation. Stock markets in several countries forced to close several days, including in Indonesia, stock prices also fell. It is estimated that this time of economic depression as bad / worse than the great depression 1929 economy.
