Modern Era

The largest one day percentage decline in stock market history. On October 19, 1987, the Dow Jones f...

Apple Computer went public on December 12, 1980 at 22 dollars per share. The IPO created more instan...

Amazon went public on May 15, 1997 at 18 dollars per share. The stock rose to 30 dollars on its firs...

On March 27, 1980, the Hunt brothers attempt to corner the silver market collapsed. Nelson Bunker Hu...

A financial crisis that started in Thailand and spread across East Asia. On July 2, 1997, Thailand w...

One of the largest asset bubbles in history. Japanese real estate and stock prices reached extraordi...

India faced a severe balance of payments crisis in 1991. Foreign exchange reserves fell to just 3 we...

The euro was introduced as an accounting currency on January 1, 1999, and as physical notes and coin...

The day Britain crashed out of the European Exchange Rate Mechanism. George Soros bet 10 billion aga...

The first Exchange Traded Fund, SPDR S&P 500 ETF (SPY), launched on January 22, 1993. Created by Sta...

The failure of 1,043 out of 3,234 savings and loan associations in the United States. S and Ls had b...

Long-Term Capital Management was a hedge fund founded in 1994 with two Nobel Prize winning economist...

Russia defaulted on 40 billion in domestic debt on August 17, 1998. The ruble was devalued from 6 to...

The Mexican peso crisis, also called the Tequila Crisis, began when Mexico devalued the peso on Dece...

Microsoft went public on March 13, 1986 at 21 per share. The IPO valued Microsoft at 777 million dol...

The 1980s saw a wave of leveraged buyouts, where investors used borrowed money to acquire companies....

In the years before January 1, 2000, companies and governments worldwide spent an estimated 300 to 6...

Nike went public on December 2, 1980 at 22 per share. The company, originally called Blue Ribbon Spo...

On October 13, 1989, the Dow fell 190 points, 6.9 percent, triggered by the collapse of a leveraged ...

The Big Bang of October 27, 1986 deregulated the London Stock Exchange. It eliminated fixed commissi...

The Gramm-Leach-Bliley Act of 1999 repealed the Glass-Steagall separation of commercial and investme...

The Souk al-Manakh stock market in Kuwait was an unregulated over the counter market for Gulf shares...

The Government of Singapore Investment Corporation was founded in 1981 by Lee Kuan Yew to manage Sin...

The Government Pension Fund Global, commonly called the Norwegian Oil Fund, was established in 1990 ...

The Shanghai Stock Exchange was re established on November 26, 1990, after a 41 year hiatus followin...

After the Japanese asset bubble burst in 1990, real estate prices collapsed. Urban land prices fell ...

Jim Simons, a mathematician and former NSA codebreaker, founded Renaissance Technologies in 1982. Th...

The Bloomberg Terminal was launched in 1982 by Michael Bloomberg after he was laid off from Salomon ...

The Greenspan Put refers to the perceived tendency of Federal Reserve Chairman Alan Greenspan to cut...

The Plaza Accord was an agreement in September 1985 by the G5 nations (US, UK, France, West Germany,...

Brooksley Born, chair of the Commodity Futures Trading Commission, warned in 1998 that unregulated o...

In January 1999, Brazil was forced to devalue the real, triggering a currency crisis. The real lost ...

In 1991, Argentina established a currency board pegging the peso to the US dollar at 1 to 1. The peg...

The 1987 film Wall Street, directed by Oliver Stone, defined the image of 1980s finance. Michael Dou...