Tulipmania
This country is the one in which Tulipmania occured.
What is Holland (The Netherlands)?
The Great Depression seemingly ended after the US entered this war.
What is World War 2?
The Oil Embargo was in response to the United States support of this country.
What is Israel?
This kind of mortgage was a key factor in causing the Great Recession.
What is a subprime mortgage?
Despite how severe the initial crash was, the markets recovered by the end of this year.
What is 2020?
Tulipmania's crash was an example of what type of financial crisis.
What is a financial bubble bursting?
This is the day the Great Depression officially started.
What is Black Monday?
Due to the embargo causing shortages, long queues would often be outside of these buildings.
What is a Gas Station
Many people with low credit were excessively doing this to purchase a home.
What is borrowing?
The long term consequences consist of these.
What is we do not know yet?
When buying a tulip, buyers would often buy in this specific way, which eventually led to them not being able to pay back loans.
What is buying on credit?
What is 1 million people?
The embargo was ended in this month of 1974.
What is March?
What is 9/11?
Governments and Banks used tax breaks, government spending, and this to try and stabilise the financial system.
What is monetary stimulus?
At the tulip markets peak, high end tulips would trade for as much as this over the average person's salary.
What is 6 times the average salary?
The Federal Reserve accidentally prolonged the end of The Great Depression by increasing the money supply and doing this.
What is keeping the interest rates low?
A barrel of oil would quadruple to this price in under a year.
What is 11.65 USD?
The unemployment rate in the US recovered to 5% in this year.
What is 2015?
The DJIA lost this percentage of its value over the course of the crash.
What is 37%?
A single florin would be this much in CAD.
What is $827 CAD?
DJIA is an acronym that stands for this.
What is the Dow Jones Industrial Average?
OPEC is an acronym that stands for this.
What is the Organization of the Petroleum Exporting Countries?
The US put forth this much money to help with recovery from the recession.
What is $787 billion USD?
This stock index was used as an example of stock indexes that aren't the DJIA that suffered during COVID-19.
What is S&P 500?