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Related Events Themes: 21st Century, Banking, Crashes and Panics, Economics, Financial Markets, International, Wall Street History

Date Range Last 3 Months 3-6 Months Over 6 Months

Theme 18th Century 19th Century 20th Century 21st Century Banking Corporate History Crashes and Panics Economics Entrepreneurship Financial Markets International Money Wall Street History

 

Current Archive Credit Crisis

“Tracking the Credit Crisis: A Timeline” traces the development of the current financial crisis, which is the most severe and complex economic and financial challenge in modern experience.

Presented as a monumental graphical wall, the timeline begins with the bursting of the US housing bubble in late 2006 through the unprecedented trillions being guaranteed and injected into the private sector in 2008-2010 by the government. President Barack Obama’s stimulus package of almost $800 billion is part of the stabilization effort to forestall a financial collapse, in a global environment in which some $40 trillion in wealth has been lost. The US government’s actions represent a watershed in American economic and political history.