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The Worst Financial Crises of the 20th Century

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					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


				
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