1997-2017 Economic Events By mollyosweiler 1997 Unemployment falls below 5% 2001 Enron, the Emergence of Corporate Fraud, and Corporate Governance 2001 War on Terror and Iraq War Sep 11, 2001 9/11 attacks & shut down of the NY Stock Exchange 2002 Stock market downturn 2005 Growth of China and India 2005 Hurricane Katrina and Hurricane Rita 2007 The Great Recession 2008 Bernard Madoff and Ponzi scheme 2010 Congress passes the Financial Regulations Bill 2012 President Obama was re-elected 2013 Government shutdown over the Congressional budget standoff 2014 Oil crisis Jun 23, 2016 Brexit Nov 8, 2016 Donald Trump elected as President