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September 17, 2008: Investors withdrew $144 billion from U.S. money market funds, the equivalent of a bank run on money market funds, which frequently invest in commercial paper issued by corporations to fund their operations and payrolls, causing the short-term lending market to freeze. The withdrawal compared to $7.1 billion in withdrawals ...
Operation Deep Freeze I (1955-56), Operation Deep Freeze II (1956-57), and Operation Deep Freeze III (57-58), prepared the United States for the start of the IGY on 1 July 1957. [9] The Mobile Construction Battalion for ODF I established Little America base in Kainan Bay and a base at McMurdo, and for ODF II built Byrd and the South Pole Station.
The Nixon shock was the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States president Richard Nixon on 15 August 1971 in response to increasing inflation.
Over the course of the recession, manufacturing shed 1.1 million jobs, with the recession posting a total loss of 1.3 million jobs, representing 1.2% of payrolls. [3] The automotive industry, already in a poor position due to weak sales in 1979, shed 310,000 jobs, representing 33% of that sector. Construction declined by a similar 300,000.
Deep or Big Freeze, a purported cooling effect of the expanding universe; Deep Freeze Range, a mountain range in Antarctica; Deep freezer, a stand-alone freezer unit for preserving food; Operation Deep Freeze, a series of American expeditions to Antarctica beginning in 1955; Deep Freeze, a kernel-level software utility by Faronics
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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 ...
The Icelandic financial crisis was a major economic and political event in Iceland between 2008 and 2010. It involved the default of all three of the country's major privately owned commercial banks in late 2008, following problems in refinancing their short-term debt and a run on deposits in the Netherlands and the United Kingdom.