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Mexican Bailout
President Clinton invoked emergency powers and granted a $20 billion loan to bail out Mexico. The loan was controversial, but Mexico repaid the loan early, and the loan averted a major financial crisis. -
Yahoo!!!!!!!!
March 2, 1995 Yahoo is incorporated, marking the start of the "dot com" area of internet investment. -
Oklahoma City Bombing
Oklahoma City bombing kills 168 and wounds 800. The bombing is the worst domestic terrorist incident in U.S. history, and the investigation resulted in the arrests of Timothy McVeigh and Terry Nichols -
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United States federal government shutdown
The federal government of the United States put non-essential government workers on furlough and suspended non-essential services like health warefare for military veterans, disease control, waste clean-up, and all these and more were suspended or stopped for almost a month. Which caused billions of losses in money. -
Bill Clinton is re-elected
The United States presidential election of 1996 was a contest between the Democratic national ticket of President Bill Clinton of Arkansas and Vice President Al Gore of Tennessee and the Republican national ticket of former Senator Bob Dole of Kansas for President and former Housing Secretary Jack Kemp of New York for Vice President. -
Violet Tornado Causes $1 billion in damage
1999 - A violent tornado outbreak in Oklahoma kills 50 people and becomes the first to produce a tornado that causes $1 billion in damage. -
AOL Purchases Time Warner
The internet bubble reached its tops when on January 10th, 2000 America Online- announced the purchase of Time Warner Communications. Time Warner was both a larger company in terms of sales and assests, but with the Internet bubble at the top AOL's stock was valued at twice that of Time Warner. By the time the sale was consumated the bubble was over and it was clear that the stockholders of Time Warner had come out the losers. -
US Congress Passes 1.35 Trillon Dollars Tax Cut
On May 25th 2001 the Congress Passed a $1.35 Trillion tax cut which had been proposed by President Bush. The tax cut gave immidiate rebates of $500 to single filers and $1000 to joint filers. It lowered almost all rates, dropping the highest rate from 39.6 pct to 35 pct. It dropped the lowest bracket to 10 percent. The tax cuts were set to expire in 2010. -
9/11
September 11th terrorist attacks; 19 terrorists hijack four planes and crash them into the World Trade Center, the Pentagon, and a field in Shanksville, Pennsylvania killing nearly 3,000 people and injuring over 6,000. All civilian air traffic is suspended for 3 days, the first time an unplanned suspension had occurred in U.S. history. -
United Airlines Declares Bankrupcy
On December 9th 2002 United Airlines, the second largest US airline sought protection under a Chapter 11 bankrupcy filing. The filing the largest ever by a US airline resulted from continued losses some stemming from the September 11th attacks and difficult competition from low cost carriers such as Southwest Airlines -
Hurricane Katrina Hits Gulf Coast Flood News Orleans
On Monday August 29th 2005 hurricane Katrina a strong category four storm struck the Gulf Coast near the mouth of the Mississippi River. The storm brought widespread devestation to the Gulf Coast where it struck, flattening town and destroying much of what was in its path. 48 hours before the hurricane hit the mayor of New Orleans ordered a mandatory evacuation of the city. The hurricane did not make a direct hit on New Orleans and initially there was a sigh of relief that the city had been spar -
late-2000s recession
The 2008–2012 global recession, sometimes referred to as the late-2000s recession, Great Recession, the Lesser Depression,or the Long Recession,is a marked global economic decline that began in December 2007 and took a particularly sharp downward turn in September 2008. The Great Recession has affected the entire world economy, with higher detriment in some countries than others. It is a major global recession characterized by various systemic imbalances and was sparked by the outbreak. -
Stock Market Crash
a sudden dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic as much as by underlying economic factors. They often follow speculative stock market bubbles. -
Obama Elected President
He is the 44th president and the first african american president. -
U.S. President Barack Obama gets approval for the $787 billion stimulus package
The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage. The Act included direct spending in infrastructure, education, health, and energy, federal tax incentives, and expansion of unemployment benefits and other social welfare provisions. The Act also included many items not directly related to economic recovery such as long-term spending projects . -
General Motors Declares Bankruptcy
General Motors the largest US automaker and for many years the largest US company declared bankruptcy on June 1, 2009. The bankruptcy took place in the middle of the largest economic recession in America and world since the Great Depression of the 1930's. The bankruptcy was done in close coordination with the Federal government, after both the prior Bush administration and the Obama administration in power at the time had extended to the company support. The US government provided debtor i
