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