1929 - Onset of the Great Depression (September 4th):
The crash on Wall Street in the United States ignited the fuse for the Great Depression in 1929. It led to a global economic downturn and unemployment, marking one of the greatest economic crises in history.
1971 - Nixon Shock (August 15th):
U.S. President Richard Nixon announced that the dollar would no longer be tied to the gold standard. This decision marked the end of the Bretton Woods Agreement, fundamentally altering the international monetary system.
2008 - Collapse of Lehman Brothers (September 15th):
The bankruptcy of the U.S.-based investment bank Lehman Brothers deepened the global financial crisis and shook the equilibrium of the world economy.
2011 - Euro Crisis (September):
The Eurozone countries’ debt crisis signaled economic imbalances and political tensions. Countries like Greece, Ireland, and Portugal struggled with economic hardships.
2018 - U.S.-China Trade War (September):
Trade tensions between the U.S. and China had repercussions on global economic balances. The conflict between the two economic giants had noticeable effects on the world economy.
2020 - COVID-19 Pandemic and Economic Impacts (March-September):
The COVID-19 pandemic swept across the globe. As of September 2020, many countries experienced economic recessions due to the pandemic. This event is a significant example of how economic systems respond in times of crisis.
2021 - Crypto Craze (September):
In September 2021, the popularity of cryptocurrencies reached its peak. Notably, the values of Bitcoin and other digital assets experienced significant fluctuations. During this period, the cryptocurrency market caught the attention of the traditional finance world.
These events offer a crucial window into how economic theories are applied in the real world. Examining such events helps students better understand economic and financial processes.
