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The media stirred a moral panic by writing sensational pieces on the event. In the first and second days following the event, The New York Times wrote that the launch of Sputnik 1 was a major global propaganda and prestige triumph for Russian communism. [13]
The 1957–1958 Asian flu pandemic was a global pandemic of influenza A virus subtype H2N2 that originated in Guizhou in Southern China. [3] [4] [1] The number of excess deaths caused by the pandemic is estimated to be 1–4 million around the world (1957–1958 and probably beyond), making it one of the deadliest pandemics in history.
1957–1958 influenza pandemic: Influenza A/H2N2: 1–4 million – 1957–1958 Worldwide 12 Hong Kong flu: Influenza A/H3N2: 1–4 million – 1968–1969 Worldwide 10 1918–1922 Russia typhus epidemic: Typhus: 2–3 million 1–1.6% of Russian population [14] 1918–1922 Russia: 13 Cocoliztli epidemic of 1576: Cocoliztli 2–2.5 million 50% ...
The U.S. consumer prices rose 2.7% from 1957 to 1958, and after a pause, they continued to push up until November 1959. Wholesale prices rose 1.6% from 1957 to 1959. The continued upward creep of prices became a cause of concern among many well-known economists analyzing the economy, such as Arthur F. Burns.
Green would go on to lend the government of New York City $1.1 million at the peak of the 1907 panic, which is equivalent to roughly $33 million in today’s dollars.
The Panic of 1857 was a financial crisis in the United States caused by the declining international economy and over-expansion of the domestic economy. Because of the invention of the telegraph by Samuel F. Morse in 1844, the Panic of 1857 was the first financial crisis to spread rapidly throughout the United States. [ 1 ]
A freeze in lending triggers a panic in a Western financial capital which then spreads around the globe, eventually tipping several South American countries into default. In a desperate attempt to ...
It's the 25th anniversary of Y2K, when panic about a millennium bug swept the nation. Photos show how we prepared. Y2K swept the nation 25 years ago: Historical photos show millennium panic in America