Monday, September 29, 2008

Crises in the recent decades

1939 to 1945: World War II
1962: Cuban Missile crisis
1979 to 1982: High oil price and third world debt
1985 to 1987: US stock market and US real estate bubble (Black Monday)
1990: Japanese stock market and property bubble
1991: Iraq-Kuwait War
1994 to 1995: Mexico crisis
1997 to 1998: Asia currency crisis
2000 to 2001: Technology bubble
2001: The 911 incident
2003: SARS
2007 to 2008: Sub-prime, credit crisis and high inflation

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