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The first depression to be considered, "The Great Depression" which affected not only America, but Great Britain & France as well until 1879.
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Gold reserves actually depleted.
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An acute recession occurred causing the most famous sovereign debt crisis in the 19th century.
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A serious economic depression that affected every sector of the economy majorly.
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A slight economic depression arouse due to a drop in silver reserves with larger fear of it affecting the standard of gold.
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"The first stock market crash on the New York Stock Exchange" due to financial control of the Northern Pacific Railway between E. H. Harriman, Jacob Schiff, and J. P. Morgan.
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A three week period where the stock market fell 50%, which effected the nation after it caused many banks to declare bankruptcy.
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Considered to be a "sharp deflationary recession" just 14 months after World War 1, but the roaring 20's began right after this drip so it wasn't felt as devastating as it could have been.
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Also known as "Black Tuesday" was the immediate foreshadowing to the start of The Great Depression.
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The notorious 12-ish year financial crisis that heavily affected not only the poor & overall world, but also the rich nearly as bad.
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October 1973 the Organization of Arab Petroleum Exporting Countries announced an oil embargo on the United States until March 1974, which dramatically rose the price & lowered the supply of gasoline globally.
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Interest rates climbed because of large numbers of depositors taking their money out of S&L institutions & depositing it into money market funds.
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In a single trading session, the Dow Jones Industrial Average dropped 22.6% in one trading session. It was considered the greatest stock market decline in just a single day.
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Enron, America's 7th largest corporation used Special Purpose Vehicles (SPV's) to hide its massive debt until the former vice president of the corporation, Sherron Watkins exposed their clever accounting tricks scheme.
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American housing prices fell 4% by mid-2007 in just 2 years because mortgage-holders couldn't continue paying for properties they originally weren't able to afford, but were granted with before anyway.
