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Gold Prices Surge
For the first time in history, gold prices surge to more than $1,000 an ounce. -
Oil Price Rise Tremendously
Oil reaches $150 a barrel; gasoline spikes to $4.11 a gallon. Gas prices become a topic of debate on the presidential campaign trail. -
Wall Street Bank Files for Bankruptcy Protection
Wall Street bank Lehman Brothers files for Chapter 11 bankruptcy protection and another US bank, Merrill Lynch, is taken over by the Bank of America. -
The House of Representatives Rejects the Government's Bailout Plan
On Sept. 29, the House rejects the government's $700 billion financial bailout plan, triggering the largest-ever drop in the Dow Jones industrial average, 777.68 points. -
The Stimulus Package Becomes Legal
The $757 billion economic stimulus package is signed into law. -
Stock Market Indicators Lower
March 9, major stock market indicators hit 12-year lows, with the Dow Jones industrial average sinking to 6,547. Stocks then begin a months-long bull market that restores much, but far from all, of the wealth lost in the collapse. -
2011 - The Year of Uncertainty
2011 is declared a year of uncertanty. Experts claim the yeart could either take us out of the economic downturn or sink us in even further. -
Unrelenting Global Economic Crisus
Many experts have a doomsday view of 2012. The economic, political, and social outlook of 2012 is overall profoundly negative.
