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For the first time in history, gold prices surge to more than $1,000 an ounce.
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Oil reaches $150 a barrel; gasoline spikes to $4.11 a gallon. Gas prices become a topic of debate on the presidential campaign trail.
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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.
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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.
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The $757 billion economic stimulus package is signed into law.
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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.
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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.
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Many experts have a doomsday view of 2012. The economic, political, and social outlook of 2012 is overall profoundly negative.
