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June 1: 1990 Chemical Weapons Accord. June – The last month of the 1980s business cycle expansion, at the time the second-longest expansion in American history (the 1960s expansion was a year longer), comes to an end; the unemployment rate is 5.2%. June 1
The Shanghai Composite Index plummeted from a high of 3703 in September 2021 to 2730 on February 2, 2024, marking a 26.3% decline ahead of the Chinese New Year. The government swiftly intervened in the stock market following the crash by prohibiting short selling and reshuffling government officials.
The next year, 1990, saw the sale of 315 institutions at a cost of $20 billion. Congress, although criticizing the RTC for its ballooning staff, appropriated an additional $30 billion in March 1991. [84] Late in that year, many of the assets bundled into mortgage-backed and commercial-paper backed securities. [85]
Panic of 1837, a U.S. recession with bank failures, followed by a 5-year depression; Panic of 1847, started as a collapse of British financial markets associated with the end of the 1840s railway industry boom; Panic of 1857, a U.S. recession with bank failures; Indian economic crash of 1865
The Labor Department estimates that as a result of the recession, the economy shed 1.623 million jobs or 1.3% of non-farm payrolls. The bulk of these losses were in construction and manufacturing. [2] Among the hardest hit regions were the New England states and the West Coast, while the Midwest and South Central regions were less affected. [6]
After more than a year of negotiations, the Easterday bankruptcy settlement is nearing a conclusion for dozens of businesses owed money.. At a recent hearing, lawyers and Judge Whitman Holt of the ...
The Slusser-Ryan Farm is a historic farm at 2028 Mount Tabor Road in rural Montgomery County, Virginia, about 4 miles (6.4 km) northeast of Blacksburg.The main farm complex includes a house whose core elements are log structures built beginning in 1855, and later enlarged with frame structures.