Top Financial Meltdowns in the history

Banks failed, stock prices collapsed, and panic descended on Wall Street. Americans were holding their collective breath as a rescue plan was hastily drafted. The 2008 financial crisis? Nope - it was the Panic of 1907, and again in 1929, 1987, and so on.

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10 American Financial Meltdowns in the Past Century

vaughn vaughn - 13 months ago

1. The Panic of 1907


Floor of the New York Stock Exchange in 1907. Photo: Helen D. Van Eaton

 2. Wall Street Crash of 1929


The trading floor of the NYSE right after the crash.

 3. The Great Depression


"Migrant Mother," a photo by Dorothea Lange depicting Florence Owens Thompson,
a destitute pea picker in California, mother of seven children, age 32.

 4. 1973 Oil Crisis

Cars waiting in line at a gas station (1979). 
Photo: Warren K. Leffler, Library of Congress

 5. Black Monday (1987)

6. Savings & Loan Crisis (1989)

Lincoln Savings and Loan, back in its heyday of 1965

7. Long Term Capital Bailout (1998)

8. Dot-com Bubble (2000)

9. California Electricity Crisis (2001)

10. Subprime Mortgage and Credit Crisis (2007 - )

via neatorama