I found this on the internet and don't know how accurate it is or is not, but none the less, it makes me feel a tad better, knowing that this banking fiasco and financial meltdown was just about due!
A sample of great financial and economic crises since 1870:
2008-09
Global credit crisis arising from U.S. mortgage markets
1999 to 2002
Argentina economic and banking crisis; GDP fell 15% in two years
2001
Tech bubble bursts
1998
Russian ruble crisis
Collapse of Long Term Capital Management fund
Japan bank rescue
1997-98
Asian currency crisis
1995
Mexico peso crisis
World Bank bailout of Argentina's banks
1989-93
Finland's per capita GDP falls 12.4% in wake of Berlin Wall falling
1991
Japan real estate bubble bursts
Early 90s
Swedish banking crisis
1989-91
U.S. Savings and Loan debacle, rescue cost 5% of U.S. GDP
1944-47
U.S. per capita GDP contracts 16.5%
1939-45
Second World War
1929-33
Great Depression: U.S. per capita GDP drops 29%;
Canada's falls 34.8%
1918-21
U.S. financial panic; 11.8% drop in per capita GDP
1906-08
Failure of U.S. banking trusts, per capita GDP falls 10.5%
1914-18
First World War
1893-97
U.S. recession and banking failures
1873-78
U.S. recession and banking failures
1874-78
11.7% contraction in per capita GDP in Canada
- - -
Bookmarks