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The United States federal government shutdowns of 1995 and 1995–96 were the result of conflicts between Democratic President Bill Clinton and the Republican Congress over funding for education, the environment, and public health in the 1996 federal budget
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Enron and Arthur Anderson are caught in a huge corporate fraud scandal leading to the bankruptcy of Enron, the largest energy supplier at the time causing thousands of people to lose jobs, savings, and stocks in Enron
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President Bush declares a war on terrorism leading to US troops in the Middle East increasing military spending heavily
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institutes the smallest tax cut in U.S. history.
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Terrorists hijack four planes crashing them into the World Trade Center and Pentagon sharply causing global and US sock markets to fall
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The downturn in the stock market in 2002, also known as stock market crash or internet bubble bursting, saw a drastic drop in stock prices across the US, Canada, Asia and Europe
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Due to the development of both countries, US companies begin to outsource more cheap labor jobs to these countries
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Hurricane Katrina makes landfall causing 125 billion in damages, the most by a hurricane in US history
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he immediate cause of the crisis was the bursting of the United States housing bubble which peaked in approximately 2005–2006. However, once interest rates began to rise and housing prices started to drop moderately in 2006–2007 in many parts of the U.S., borrowers were unable to refinance.
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Bernard Madoff, the former NASDAQ Chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate Ponzi scheme.
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2008 Recession—in the United States and Western Europe has been linked to the so-called “subprime mortgage crisis.” Subprime mortgages are home loans granted to borrowers with poor credit histories
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Obama beats McCain leading to the many financial impacts Obama helped with
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the largest stimulus package since President Dwight D. Eisenhower
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an offshore oil drilling rig, the Deepwater Horizon, exploded and burned off the coast of Louisiana in the Gulf of Mexico causing billions in oil losses and water damage
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Congress makes an 11th-hour deal to prevent a national default. The deal raises the debt ceiling in two steps to $2.4 trillion and cuts an initial $1 trillion in spending over ten years
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Hurrican Sandy makes landfall in New Jersey causing 82 billion in damages
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Donald Trump defeats HIlliary Clinton in election
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Hurricane Harvey hits Houston causing 125 Billion in damages