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Financial meltdowns of the past
The current financial meltdown isn’t the largest nor the first of its kind. We’ve had our fair share and we’ll probably have them in the future. Neatorama has a great list of them that includes highlights like
The Panic of 1907
Wall Street crash of 1929
Great Depression
1973 Oil Crisis
Black Monday
Savings and Loan Crisis
Long Term Capital Bailout
Dot-com Bubble
California Energy CrisisIf you’ve got ten minutes its high time to bone up on boneheaded things we’ve done to the economy. Do you think we’ll learn from our mistakes this time? nah