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Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death ...
January 18, 2013: First Minnesota Bank 50.2 3 Covenant Bank Chicago Illinois February 15, 2013: Liberty Bank and Trust Company 58.4 4 Frontier Bank LaGrange Georgia March 8, 2013: HeritageBank of the South 258.8 5 Gold Canyon Bank Gold Canyon Arizona April 5, 2013: First Scottsdale Bank, N.A. 45.2 6 First Federal Bank Lexington Kentucky April ...
After the passing in early January 2013 of the American Taxpayer Relief Act of 2012 to avert the projected fiscal cliff, political attention shifted to the debt ceiling. [2] The debt ceiling had technically been reached on December 31, 2012, when the Treasury Department commenced "extraordinary measures" to enable the continued financing of the ...
The 2013 May Day protests were a series of international protests involving hundreds of thousands of people that took place worldwide on May Day (1 May 2013) over the ongoing global economic crisis including austerity measures and poor working conditions. 2013 May Day protests report by Voice of America.
The Chicago Plan was a comprehensive plan to reform the monetary and banking systems in the United States introduced by University of Chicago economists in 1933. The Great Depression had been caused in part by excessive private bank lending , so the plan proposed to eliminate private bank money creation through fractional reserve lending .
2013 Eugene Fama: 1/3 "for their empirical analysis of asset prices." [16] 2013 Lars P. Hansen: 1/3 "for their empirical analysis of asset prices." [17] 2007 Roger Myerson: 1/3 "for having laid the foundations of mechanism design theory." [18] 2000 James Heckman: 1/2 "for his development of theory and methods for analyzing selective samples ...
Some of the key economic events during the collapse of the Japanese asset price bubble include the 1997 Asian financial crisis and the dot-com bubble. In addition, more recent economic events, such as the 2007–2008 financial crisis and August 2011 stock markets fall have prolonged this period. Black Wednesday: 16 Sep 1992 UK
This is an accepted version of this page This is the latest accepted revision, reviewed on 21 February 2025. 2013 tax increase and spending decrease This article is part of a series on the Budget and debt in the United States of America Major dimensions Economy Expenditures Federal budget Financial position Military budget Public debt Taxation Unemployment Gov't spending Programs Medicare ...