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Economic Crises in the Last 100 Years

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  1. The Great Depression (1929-1939) – A severe global economic downturn that began with the stock market crash of 1929 in the United States.
  2. The Oil Crisis (1973-1974) – An economic crisis triggered by an oil embargo imposed by Arab oil-producing countries on the United States and its allies during the Yom Kippur War.
  3. The Latin American Debt Crisis (1982) – A financial crisis that began when Mexico announced it could not repay its foreign debt, which triggered a domino effect across other Latin American countries.
  4. The Savings and Loan Crisis (1980s) – A crisis in the US financial industry that resulted in the failure of hundreds of savings and loan institutions.
  5. The Black Monday Crash (1987) – A global stock market crash that occurred on October 19, 1987.
  6. The Asian Financial Crisis (1997) – A financial crisis that began in Thailand and spread across Southeast Asia, resulting in the collapse of currencies and stock markets in several countries in the region.
  7. The Dot-Com Bubble Burst (2000-2002) – A stock market crash that occurred after the speculative bubble in internet-related stocks burst.
  8. The Global Financial Crisis (2007-2008) – A financial crisis that began in the United States with the subprime mortgage crisis and spread to other countries, resulting in a global recession.
  9. The European Debt Crisis (2010-2018) – A crisis that began with the financial difficulties faced by several European countries, primarily Greece, with high levels of public debt and sovereign default risk.
  10. The COVID-19 Pandemic Economic Crisis (2020-2021) – A global economic crisis triggered by the outbreak of the COVID-19 pandemic, resulting in lockdowns and disruptions to global supply chains, leading to recession in many countries.