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Unprecedented high unemployment rates; implementation of the New Deal; establishment of social security and financial regulation

Surge in oil prices due to OAPEC embargo; economic stagflation; promotion of energy conservation and alternative energy sources

Economic stagnation in Latin American countries; implementation of structural adjustment programs by the IMF; shift to neoliberal policies

Currency devaluations across Asia; IMF bailouts; financial sector reforms and tighter regulation

Stock market crash; bank failures; reduction in consumer spending and investment

High inflation combined with high unemployment; monetary policies by central banks; eventual move towards supply-side economics

Collapse of Internet company valuations; market correction; greater scrutiny on tech startups and investments

Exorbitant rise in prices; issuance of Rentenmark to stabilize currency; introduction of fiscal and monetary reforms

Dow Jones Industrial Average fell by 22.6%; introduction of circuit breakers and trading curbs; implementation of modernized trading systems

Withdrawal of the pound sterling from the European Exchange Rate Mechanism; fiscal and economic policy adjustments; increase in UK interest rates

Collapse of savings and loan associations in the United States; Federal government bailout; Financial Institutions Reform, Recovery, and Enforcement Act of 1989

Devaluation of the ruble; default on debt; structural reforms and assistance from international financial institutions

Inflation reached astronomical levels; introduction of foreign currencies; eventual abandonment of the Zimbabwean dollar

Rapid devaluation of the Mexican peso; implementation of the 'Bailout package'; restructuring of the financial and banking system

Massive government default; devaluation of Argentine peso; drastic socioeconomic changes and restructuring

Severe inflation; implementation of various economic plans; privatization and economic restructuring

Similar to the impact and recovery measures of the 1997 Asian Financial Crisis with more emphasis on social impact and restructuring within Southeast Asian countries.

Drastic devaluation of the Turkish lira; economic reforms and IMF support; restructuring of the banking sector and public finance management

Collapse of asset prices leading to a 'Lost Decade'; low interest rate policy; structural reforms in the banking and real estate sectors