People’s History of Stock Market Crashes: Timeline of Economically Significant Events

A People’s History of Stock Market Crashes 1946-2016: The View from Below

Appendix A

1929-2016: 98 market interruptions due to negligence, misfeasance, malfeasance, malingering, fraud, theft, tax evasion, and other such avoidable tragedies. But as anyone can see, the rich keep getting richer.

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List of some economically significant events since the Great Depression
Timeline Before Study– Notable events
1929 Market Collapse into Great Depression
1936 Wagner Act passed
1937-38 Recession within Depression

Timeline of Study
Postwar Period

  • 1946                       Repatriation of solders
  • 1946                       Women frozen out of jobs
  • 1946                       Marshall Plan
  • 1948                       Taft-Hartley Act
  • 1948                       Red Scare & Permanent War Footing of US Economy..
  • 1950 s                    Cold War (until 1988)
  • 1955                       Bracero Program
  • 1959                       Steel Industry Strikes
  • 1959                       Space Race – Frittering away our commonwealth into orbit
  • 1960s                     The Conquest of Cool
  • 1960                       “Mad” Men
  • 1960                       The Pill
  • 1960                       Mutually Assured Destruction Doctrine of Nuclear Power Balancing
  • 1962                       Kennedy Slide aka Flash Crash of 1962
  • 1963                       Studebaker Motors Pension Fund Failure
  • 1963                       Kennedy Assassination
  • 1964                       Equity Funding Mutual Funds Failure
  • 1968                       Martin Luther King Jr. Assassinated
  • 1968                       Robert F. Kennedy Assassinated
  • 1968                       Nixon President by fluke
  • 1971                       US dollar now backed by oil
  • 1973-1974            stock market crash due to high oil prices
  • 1973                       OPEC Oil Embargo on US
  • 1973                       Inflation at 3.6%
  • 1974                       ERISA passed to cover bad private pension debts like Studebaker
  • 1974                       Inflation at 9.4%
  • 1975                       Privatization of Fannie Mae and Freddie Mac pays for part of VietNam War.
  • 1977                       Inflation at 5.2%
  • 1980                       Inflation at 13.9%
  • 1980                       Reagan selected
  • 1980                       Business is cool
  • 1980                       Deregulation, privatization, destruction of unions
  • 1980                       Fiscalization of national product, Phillips Curve invoked
  • 1981                       Savings and Loans deregulation, speculation allowed
  • 1981                       Deep recession begins; the worst since Depression
  • 1985       Savings and Loan Crisis; Big bailouts needed. No one went to prison but Charles Keating. The Bush’s sure didn’t and they were involved. Greatest bank collapse since the Great Depression. (Remember this phrase. It occurs all too often.)
  • 1987                       Black Monday: largest stock market drop since the 1929 crash.
  • 1989                       Rio De Janeiro stock exchange crash
  • 1989                       Friday the 13th mini-crash
  • 1990-1991            Recession; largest since early 1980s.
  • 1991                       Japanese asset price bubble
  • 1992       UK forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM) after the UK could no longer keep sterling above its agreed lower limit.
  • 1997                       Asian bubble pops: financial crisis
  • 1997                       Global stock market crash caused by Asian bubble financial Crisis
  • 1998                       Russian financial crisis
  • 1999-2000            dot-com bubble
  • 2000-2002            Recession from dot-com bubble caused loss of 8 Trillion of wealth
  • 2001                       September 11 attacks caused global markets to drop sharply
  • 2001-2002            Collapse of Enron
  • 2002                       Uruguay banking crisis
  • 2002                       WorldCom accounting scandal; G.W. Bush promotes “ownership” society.
  • 2003       Bush actors weaken state regulations so lender can make loans without regard for buyer ability to pay.
  • 2003                       Myanmar banking crisis
  • 2007                       Chinese stock bubble
  • 2007                       US subprime and collateral markets collapse
  • 2007                       Collapse of Irish and Icelandic economies.
  • 2007-2009            Bear market in US
  • 2008                       Russian stock market collapse
  • 2008-2009            Belgian financial crisis
  • 2008-2012            Icelandic Financial crisis
  • 2008-2009            Ukrainian financial crisis
  • 2008-2011            Irish banking crisis
  • 2008-2012            Spanish Financial crisis
  • 2008                       UK Bank rescue package
  • 2009                       UK Bank rescue package
  • 2009-2010            Venezuelan banking crisis
  • 2009                       Dubai debt standstill
  • 2010                       European sovereign debt crisis
  • 2010                       Student debt crisis
  • 2010                       Arab Spring
  • 2011                       Stock markets around the world plummet and remain volatile for rest of year
  • 2011                       Occupy
  • 2011                       Panama Free Trade Agreement
  • 2013                       Voting Rights Act destroyed by Supreme Court
  • 2014                       Russian financial crisis
  • 2015                       Chinese stock market crash
  • 2016                       US Presidential election mashup
  • 2016                       The Panama Papers

98 financially significant events from 1929 to date

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