THE BUSINESS CYCLE

  • Panic of 1907

    Panic of 1907
    Also known as the 1907 Bankers Panic or Knickerbocker Crisis was a United States financial crisis that took place over a three-week period starting in mid-October when the New York Stock Exchange fell almost 50% from its peak the previous year.
  • World War 1

    World War 1
    First World War or the Great War, was a global war centered in Europe that began on 28 July 1914 and lasted until 11 November 1918. More than 9 million combatants and 7 million civilians died as a result of the war, a casualty rate exacerbated by the belligerents' technological and industrial sophistication, and tactical stalemate.
  • Great Depression

    Great Depression
    Great Depression was the deepest and longest-lasting economic downturn in the history of the Western industrialized world. In the United States, the Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.
  • Black Thursday

    Black Thursday
    The name given to Thursday, Oct. 24, 1929, when the Dow Jones Industrial Average plunged 11% at the open in very heavy volume, precipitating the Wall Street crash of 1929 and the subsequent Great Depression of the 1930s.
  • World War 2

    World War 2
    the Second World War, was a global war that lasted from 1939 to 1945, though related conflicts began earlier. It involved the vast majority of the world's nations including all of the great powers eventually forming two opposing military alliances: the Allies and the Axis. It was the most widespread war in history, and directly involved more than 100 million people from over 30 countries.
  • Korean War

    Korean War
    The Korean War was a war between North and South Korea, in which a United Nations force led by the United States of America fought for the South, and China fought for the North, which was also assisted by the Soviet Union.
  • opec oil embargo

    opec oil embargo
    In October 1973 when the members of the Organization of Arab Petroleum Exporting Countries (OAPEC, consisting of the Arab members of the OPEC plus Egypt and Syria) proclaimed an oil embargo. By the end of the embargo in March 1974, the price of oil had risen from $3 per barrel to nearly $12. The oil crisis, or "shock", had many short-term and long-term effects on global politics and the global economy, it was later called the "first oil shock", followed by the 1979 oil crisis, termed the "second
  • Gulf War

    Gulf War
    The Gulf War, codenamed Operation Desert Shield for operations leading to the buildup of troops and defense of Saudi Arabia and Operation Desert Storm in its combat phase, was a war - in the Persian