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Oil Crisis
Crude oil hits new high of $140 a barrel
http://www.dof.ca.gov/html/fs_data/LatestEconData/Chronology/chronology.htm#2008 -
Housing Crisis
Federal ReserveThe Federal Reserve rescues some of the nation's largest investment firms, including Bear Stearns and AIG, but allows Lehman Brothers to collapse. I President George W. Bush and the Congress Pass the Troubled Asset Relief Progam (TARP) to purchace assets and equity from ailing institutions. Beneficiaries include General Motors and Chrysler, Which avert bankruptcy -
Obama Becomes president
Barack Obama was elected the 44th president of the United States of America.
http://www.dof.ca.gov/html/fs_data/LatestEconData/Chronology/chronology.htm#2008 -
General Motors
General Motors files for bankruptcy.
http://www.dof.ca.gov/html/fs_data/LatestEconData/Chronology/chronology.htm#2008 -
BP oil spill
An oil rig out in the Gulf of Mexico sprung a leak and reaked havoc among the vast oceanic ecosystem. There is still oil out floating around.
http://www.dof.ca.gov/html/fs_data/LatestEconData/Chronology/chronology.htm#2008 -
Commodity prices
Commodity prices soar between January and February.
http://www.dof.ca.gov/html/fs_data/LatestEconData/Chronology/chronology.htm#2008 -
debt celing bill
Obama signs debt celing bill.
http://www.dof.ca.gov/html/fs_data/LatestEconData/Chronology/chronology.htm#2008 -
Wall Street
Wall Street suffers worst sell off in two years.
http://www.dof.ca.gov/html/fs_data/LatestEconData/Chronology/chronology.htm#2008
