Major economic events
These events represent a diverse range of economic challenges, crises, and transformations that have shaped the modern economic landscape.
The Great Depression
The Wall Street Crash of 1929 and the subsequent worldwide economic downturn had profound effects on economies and policies around the world
Bretton Woods Conference
The Bretton Woods Conference established the framework for the post-World War II international monetary system, including the creation of the International Monetary Fund (IMF) and the World Bank.
Marshall Plan
The Marshall Plan, officially known as the European Recovery Program, provided significant financial assistance from the United States to help rebuild war-torn Western European economies after World War II.
Nixon abandons gold standard
President Richard Nixon's decision to abandon the gold standard (1971) and implement wage and price controls (1973) marked a major shift in U.S. economic policy.
Oil Crisis
The OPEC oil embargo and the subsequent quadrupling of oil prices had a profound impact on global energy markets and economies.
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