Covering events such as banking crises, economic bubbles, natural
disasters, trade embargoes, and depressions, this single-volume
encyclopedia of major U.S. financial downturns provides readers
with an event-driven understanding of the evolution of the American
economy. The United States has fairly recently experienced the
worst economic downturn since the Great Depression. But crippling
financial crises are hardly unusual: economic emergencies have
occurred throughout American history and can be seen as a cyclical
and "normal" (if undesirable) aspect of an economic system. This
encyclopedia supplies objective, accessible, and interesting
entries on 100 major U.S. financial crises from the Colonial era to
today that have had tremendous domestic impact-and in many cases,
global impact as well. The entries explore the history and impact
of major economic events, including banking crises, economic
shortages, recessions, national strikes and labor upheavals,
natural resource shortages, panics, real estate bubbles, social
upheavals, and the collapse of specific American industries such as
rubber and steel production. Students will find this book an
essential ready-reference on key events in American economic
history that documents how and why these events led to significant
financial and economic problems throughout the United States and
around the globe. Supplies up-to-date information on financial
crises from crashes to natural disasters that is relevant to high
school and college students in history, government, business, and
economics classes Offers a look at causes, responses, and ultimate
outcomes of financial crises decades later, allowing readers to
perceive unintended consequences of free trade agreements or new
technology Documents how events far outside average American
citizens' awareness can culminate in a financial crisis that
greatly impacts their everyday lives, and the cyclical nature of
the nation's economy Includes key primary documents, a chronology
of key dates, an appendix of relevant sources, and an index
organized by category, company names, and personal names
General
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