America’s Economic Growth & Development Storyboard
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- 2007-2008Global Financial Crisis
- A Global Financial Crisis is when assets drop sharply in value and businesses struggle to pay their debts. The Global recession in 2007 had lasting effects on the global economy and reshaped financial systems, and economic policies worldwide. Short-term effects were the housing market collapse, bank failures government intervention, regulatory changes, and recession.
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- 1989-1990The Fall of the Berlin Wall and German Reunification
- The Fall of the Berlin Wall marked the end of the cold war, there were many significant short-term events live German reunification, political change, and economic transition. Economic growth, Europe interrogation, and global influence were all long term events that happened on the Fall of the Berlin Wall.
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- 1973Oil Crisis
- Oil prices skyrocketed due to an oil embargo on countries who supported Israel. This caused German Reunification, political changes, and economic transition for a short period of time. Economic growth, European integration, and global influence were all long term effects of the Oil Crisis.
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