The United States has fairly recently experienced the worst economic downturn since the Great Depression. But crippling financial crises are hardly unusual: economic emergencies have occurred throughout American history and can be seen as a cyclical and qnormalq (if undesirable) aspect of an economic system. This encyclopedia supplies objective, accessible, and interesting entries on 100 major U.S. financial crises from the Colonial era to today that have had tremendous domestic impactaand in many cases, global impact as well. The entries explore the history and impact of major economic events, including banking crises, economic shortages, recessions, national strikes and labor upheavals, natural resource shortages, panics, real estate bubbles, social upheavals, and the collapse of specific American industries such as rubber and steel production. Students will find this book an essential ready-reference on key events in American economic history that documents how and why these events led to significant financial and economic problems throughout the United States and around the globe.The U.S. stock market started to show signs of distress, but the quick action of the british government in closing their market and declaring a bank holiday had prevented a panic in britain. america had more concerns, however, than the drain ofanbsp;...
|Title||:||100 Most Important American Financial Crises, The: An Encyclopedia of the Lowest Points in American Economic History|
|Author||:||Quentin R. Skrabec Jr.|
|Publisher||:||ABC-CLIO - 2014-12-09|