business cycle case studies

• Black Thursday


  The day the New York Stock Exchange saw share values fall sharply in 1929, marking the beginning of the Great Depression
• Great Depression


  A severe worldwide economic depression in the 1930s, which started in the United States. It led to mass unemployment, business bankruptcies, and housing foreclosures
• US Financial Crisis in 2008


  A massive loss of confidence in the US financial system due to homeowners defaulting on mortgage payments. This led to a severe global economic recession, with large financial institutions becoming bankrupt or bought out
• European Union Debt Crisis

  In 2011, five smaller European Union (EU) countries — Portugal, Italy, Ireland, Greece, and Spain (PIIGS) — struggled to repay their national debts. Loans were organised to help bail out the PIIGS on condition they adopt cost-saving measures
• Housing Bubble


  A run-up in housing prices fueled by demand, speculation, and exuberant behavior. The bubble burst in 2008 leading to the US financial crisis
• Bankruptcy


  The legal status of a person or other entity that cannot repay the debts it owes to creditors
• Bailout


  The act of giving financial assistance to a failing business or economy to save it from collapse
• National Debt


  The total amount of money that a country's government has borrowed
• Black Thursday


  1929
• Start of the Great Depression


  1930s
• US Financial Crisis


  2008
• European Union Debt Crisis

  2011