“Tracking the Credit Crisis: A Timeline” traced the development of the current financial crisis, which was the most severe and complex economic and financial challenge in modern experience.
Presented as a monumental graphic wall, the timeline began 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 was part of the stabilization effort to forestall a financial collapse, in a global environment in which some $40 trillion in wealth had been lost. The US government’s actions represented a watershed in American economic and political history.
