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Financial History Financial History

This category contains a wealth of information about financial history, with sub categories for major depressions, recessions, scams, failures and bankruptcies that made the news. Use it to learn about the causes and effects of each event.

  • Recessions and Depressions

    The Energy Crisis #2 Recession (1981-1982) 

    Introduction The Energy Crisis Recession (1981-1982), also known as the Early 1980s Recession, was a significant economic downturn that affected the United States and other parts of the world. It was marked by high inflation, high unemployment, and slow economic growth that began in the late 1970s. To better understand the context of this recession, …
    The Energy Crisis #2 Recession (1981-1982)
  • Recessions and Depressions

    The Gulf War Recession (1990-1991) 

    Introduction The Gulf War Recession (1990-1991) was a period of economic downturn in the United States and other parts of the world in the early 1990s. This recession was closely linked to the Gulf War, a conflict between Iraq and a coalition of international forces led by the United States. As a result, the recession …
    The Gulf War Recession (1990-1991)
  • Recessions and Depressions

    The Dot Com Recession (2001) 

    Introduction The Dot Com Recession (2001) was a significant economic downturn that occurred between March and November 2001, primarily caused by the dot-com bubble’s collapse. The recession had far-reaching consequences, affecting financial markets, economic growth, and various sectors of society. Historical and Economic Context The 1990s was a period of rapid growth in the technology …
    The Dot Com Recession (2001)
  • Recessions and Depressions

    The Great Recession (2007-2009) 

    Introduction The Great Recession (2007-2009) was a severe global economic downturn that began in the United States and spread to other countries. This crisis led to a significant decline in economic activity, high unemployment rates, and the collapse of financial institutions. The historical and economic context leading up to the recession included a housing market …
    The Great Recession (2007-2009)
  • Recessions and Depressions

    The Covid Recession (2020) 

    Introduction The Covid Recession (2020), also known as the Coronavirus Recession or the Great Lockdown, was a global economic downturn resulting from the COVID-19 pandemic that started in February, 2020. The historical and economic context leading up to the recession was marked by a decade of global economic growth following the 2008 financial crisis, characterized …
    The Covid Recession (2020)
  • Recessions and Depressions

    Post-Pandemic Recession (2022-2023) 

    Introduction The Post-Pandemic Recession is an economic downturn commencing in 2022, which transpired following the initial recovery from the COVID-19 pandemic. It is important to note that, when authoring this article, the recession may still be in progress; therefore, the ultimate duration and severity remain undetermined. A confluence of factors triggered this recession, including escalating …
    Post-Pandemic Recession (2022-2023)
  • Financial History

    The History of Cryptocurrencies 

    Introduction to Cryptocurrencies What are cryptocurrencies? Cryptocurrencies are digital or virtual currencies that use cryptography for security, making them difficult to counterfeit. They are decentralized and built on blockchain technology, a distributed ledger system that records transactions across a network of computers. The origin of digital currencies The concept of digital currencies dates back to …
    The History of Cryptocurrencies
  • Recessions and Depressions

    2023 Banking Crisis 

    The 2023 banking crisis marked the most severe financial turmoil in the United States and Europe since the global financial crisis of 2007-2008. This crisis was triggered by multiple factors, however, the primary cause was the US Federal Reserve’s aggressive interest rate hikes which resulted in substantial losses on US banks’ government bond portfolios.  The …
    2023 Banking Crisis
  • Major Scams and Bankruptcies

    Signature Bank 

    Signature Bank, a New York-based financial institution, was founded on May 1, 2001, by Joseph J. DePaolo, Scott A. Shay, and John Tamberlane. The bank primarily served privately owned businesses, their owners, and senior managers, offering a range of services including but not limited to commercial lending, real estate financing, private banking, asset management, and …
    Signature Bank
  • Major Scams and Bankruptcies

    Silvergate Bank 

    Silvergate Bank, founded in 1988 by Derek Eisele, and headquartered in California, initially operated as a traditional commercial bank. However, in 2013, the bank shifted its focus to serving cryptocurrency clients, marking a pivotal moment in its history.  The bank went public with an IPO on November 7, 2019, trading on the NYSE (ticker: SI). …
    Silvergate Bank