Slouching Towards Utopia? The Economic History of the Twentieth Century

References on California Politics

For those of you who may want to write your long essay on California politics, these references might be useful. 

1. Kuttner, Robert. Revolt of the Haves. http://oskicat.berkeley.edu/record=b11798312~S1 (Unfortunately, it may be difficult to obtain from the library.)

2. http://www.bepress.com/cgi/viewcontent.cgi?article=1013&context=cjpp

3. O'Sullivan, Arthur, Sexton, Terri A., and Steven M. Sheffrin. Property Taxes and Tax Revolts: The Legacy of Proposition 13. http://books.google.com/books?id=T-gfGvH-BksC&dq=proposition+13&lr=&source=gbs_navlinks_s

4. http://www.frbsf.org/publications/economics/review/1979/79-1_7-24.pdf

Midterm 2, Part III Answers

1. Government spending must be increased by an amount x, such that x*1.5 = 10 percent. Thus x = 10/1.5 = 6.67 percent. 

2. 6.67 percent of 14 trillion is (roughly) 900 billion. (1 trillion was also a perfectly acceptable answer.)

3. Very low. 

4. Different answers possible. 

Office Hours and Review Session

My office hours this week will be Thursday (10/15) from 2:30-5 in Evan 608-3. Note the late start and end! 

I will hold a review session on Monday (10/19) from 5-6:30 in Evans 9. 

 

Reminder: Class today (Thursday 10/8) meets in the International House Auditorium

Eichengreen and O'Rourke, "A Tale of Two Depressions"

Optional, but highly recommended.

http://www.voxeu.org/index.php?q=node/3421

Optional Reading: Ryan Lizza on Obama's economic team

From the New Yorker:
http://www.newyorker.com/reporting/2009/10/12/091012fa_fact_lizza?printable=true

Professor DeLong comments:
http://delong.typepad.com/sdj/2009/10/the-600b-stimulus-program-how-we-got-here.html
http://delong.typepad.com/sdj/2009/10/glass-steagall-and-the-crisis.html
http://delong.typepad.com/sdj/2009/10/ryan-lizza-i-think-misinterprets-jim-hines-on-larry-summers.html

Paul Krugman weighs in:
http://krugman.blogs.nytimes.com/2009/10/05/the-story-of-the-stimulus/

Felix Salmon in praise of Larry Summers:
http://blogs.reuters.com/felix-salmon/2009/10/05/the-good-things-about-larry-summers/

Dean Baker disagrees:
http://www.prospect.org/csnc/blogs/beat_the_press_archive?month=10&year=2009&base_name=new_yorker_rewrites_economic_h

Hausman: The Trilemma - why countries on the gold standard could not use monetary policy to recover from the Great Depression.

Download Trilemma

Great Depression Timeline for the U.S.: 1929-1933

• 1929: U.S. Unemployment is 3%.  
  • August 1929: 'Official' start of the recession in the U.S.. Industrial production falls. But stock prices continue to rise.     
  • October 1929: The stock market crash. Industrial production resumes its decline. 
• 1930: U.S. Unemployment is 9%.    
  • June: Hoover signs the Smoot-Hawley tarrif into law.  
  • October-December: The first banking panic.   
• 1931: U.S. Unemployment is 16%.       
  • March-June: The second banking panic.    
  • September: Britain leaves the gold standard (devalues). Fearing an attack on the dollar, the Federal Reserve raises interest rates. The U.S. suffers it's worst banking panic yet.         
• 1932: Decline continues.    
• 1933  
  • January-March: The worst and final banking panic.  
  • March: FDR takes office and almost immediately declares a banking holiday and takes the U.S. off the gold standard. This marks the official end of the recession. After March 1933, the U.S. economy is in very bad shape, but it is growing.  
  • March: Industrial production is 37% below its Aug. 1929 value and unemployment reaches 25 percent. 

Background in World History: 101 Events and 101 Videos/Pictures

You should know all about these *before* you start taking this course--but if you don't, take a look...

101 Events in Background World History

Year	Key Events
1896	William Jennings Bryan [D] loses U.S. election to William McKinley [R] http://www.youtube.com/watch?v=HeTkT5-w5RA
1896	Large-scale gold mining in South Africa's Witwatersrand http://www.mindat.org/photo-158996.html
1899	Start of the Boer War http://www.youtube.com/watch?v=6Rvz6O1vPWU
1901	Assassination of McKinley; Theodore Roosevelt becomes President of the United States http://lcweb2.loc.gov/pnp/cph/3a00000/3a08000/3a08600/3a08686r.jpg
1905	U.S. Supreme Court decides Lochner case: Constitution held to enact Herbert Spencers's “social statics” http://www.pbs.org/wnet/supremecourt/capitalism/landmark_lochner.html
1910	Start of Mexican Revolution http://www.youtube.com/watch?v=lbUw_GCskog&feature=PlayList&p=BF8C75DD02E5CE25&index=0&playnext=1
1911	Overthrow of the Qing Dynasty; declaration of the Chinese Republic http://en.wikipedia.org/wiki/File:Xh1.jpg
1912	Theodore Roosevelt splits Republican Party; Woodrow Wilson [D] elected President of the United States http://www.youtube.com/watch?v=yb30L-NmKjo
1914	Start of World War I: France, Britain, Italy (from 1915), Russia (until 1917), and America (from 1917) vs. Germany, Austria, Turkey http://www.youtube.com/watch?v=kZPiaSYmj_4&feature=related
1917	Kerensky's Russian Revolution http://www.youtube.com/watch?v=mMGrIwLj7gU http://www.youtube.com/watch?v=QdpEaPxNW0g&feature=related
1917	Lenin's Russian Revolution in October (really November) http://www.youtube.com/watch?v=iGE6T3SRNAs
1918	End of World War I; overthrow of the German Emperor (“Kaiser”); establishment of the “Weimar Republic” http://www.youtube.com/watch?v=ABZcclM38jo&feature=PlayList&p=240BAFEB607EFFE1&index=27 http://www.history.stir.ac.uk/img/site-images/flagofweimar.jpg
1919	Communist uprising in Germany: “Spartikist Rebellion” http://en.wikipedia.org/wiki/File:Bundesarchiv_Bild_102-00540A,_Berlin,_Revolutionskämpfe.jpg
1919	Treaty of Versailles to settle affairs after World War I http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2008/11/13/VersaillesLeaders460.jpg
1919	Jallianwala Bagh Massacre http://www.youtube.com/watch?v=J-wKcDkpqHE
1921	Lenin adopts the “New Economic Policy”: a small-scale return to the market http://faculty.unlv.edu/pwerth/NEP-Lenin.jpg
1922	Mussolini marches on Rome; establishes first fascist regime http://www.youtube.com/watch?v=4mF4ZjJ88wU
1923	French and Belgian troops occupy Germany's Ruhr Valley to try to force reparations payments http://www.youtube.com/watch?v=jUa5h6C4-j4
1923	End of German hyperinflation: $1 = 4,000,000,000,000 RM http://dakiniland.files.wordpress.com/2009/05/inflation-1923.jpg
1923	German World War I General Erich Ludendorff and Adolf Hitler attempt coup--”Beer Hall Putsch” http://www.youtube.com/watch?v=J-BjUFV-aPs&feature=PlayList&p=7C19E39CBB61FAE2&index=8
1924	Death of Lenin http://www.youtube.com/watch?v=YJU5H7sqQTc
1925	Death of Sun Yatsen http://nhs.needham.k12.ma.us/cur/Baker_00/2001_p6/baker_js_p6/Intro.jpg
1925	Great Britain returns to the gold standard http://3.bp.blogspot.com/_wmz32xeNKtU/SpldujLl5vI/AAAAAAAABJE/FP0tn7TdKkg/s400/British+Pound+1900-1939+chart.PNG
1926	General Strike in Great Britain http://unionbadges.files.wordpress.com/2008/11/british_worker.jpg http://www.youtube.com/watch?v=nOal1HYlRag
1927	Chiang Kaishek's Kuomintang double-crosses his Communist allies; massacres in Shanghai http://www.youtube.com/watch?v=5sa3qY4m1Ps
1927	Stalin expels Trotsky, Zinoviev, and Kamenev from the Communist Party http://www.youtube.com/watch?v=jfmSPYDb0FQ
1928	Chiang Kaishek launches “Northern Expedition” http://www.coverbrowser.com/image/time/563-1.jpg
1928	Launching of first Five Year Plan in the Soviet Union
1929	http://www.youtube.com/watch?v=oXGThPeOJu4 http://www.youtube.com/watch?v=S69s8YyJMlM Drive to “collectivize” agriculture in the Soviet Union: start of terror-famine in the Ukraine http://pmeyer.web.wesleyan.edu/206/Derevnia.jpg http://www.hawaii.edu/powerkills/RM3.S.FACE.OF.FAM.JPG http://www.youtube.com/watch?v=K2sugMM9y3Q&feature=related
1929	The Wall Street stock market crash; start of the Great Depression http://www.youtube.com/watch?v=IWrX6kC9Nhs
1930	Gandhi's “Salt March” http://www.youtube.com/watch?v=dsBHeBXt5Qk
1931	German Social Democratic Party rejects proposals to plan a “New Deal” for Germany http://www.spartacus.schoolnet.co.uk/GERhilferding.JPG
1932	Election of Franklin Delano Roosevelt in the United States http://www.youtube.com/watch?v=oblTN1ojsAA&feature=PlayList&p=89F9180242B853AD&index=2
1933	Adolf Hitler becomes the last Chancellor of Germany's Weimar Republic http://www.youtube.com/watch?v=_Q-6H4xOUrs
1933	Worst year of the Great Depression http://www.youtube.com/watch?v=MZHEkU__Ijw
1934	Start of Mao Zedong's “Long March” http://en.wikipedia.org/wiki/File:Chinese_civil_way_map_03.jpg
1935	Franklin Delano Roosevelt proposes and congress passes the Social Security Act http://www.youtube.com/watch?v=aVZijG4WSOw
1935	Franklin Delano Roosevelt proposes and congress passes the National Labor Relations Act http://explorepahistory.com/displayimage.php?imgId=4594
1936	Francisco Franco attempts to overthrow Spanish Republic: start of Spanish Civil War http://www.youtube.com/watch?v=atynzDwSbuo&feature=related http://upload.wikimedia.org/wikipedia/en/7/74/PicassoGuernica.jpg
1937	U.S. Supreme Court surprisingly declares NLRA constitutional: “the switch in time that saved nine” http://www.boston.com/news/globe/ideas/articles/2005/12/04/supreme_switch/
1937	Marco Polo Bridge “incident”; start of World War II in Asia http://en.wikipedia.org/wiki/File:Lugou_battle.jpg http://www.youtube.com/watch?v=NB2qDwAlxw4
1939	Final victory by Franco in Spanish Civil War http://www.youtube.com/watch?v=jBhejsi9Z1c http://www.youtube.com/watch?v=HX_-faiNTVU
1939	Start of World War II in Europe; Nazi Soviet pact; Nazi invasion of Poland http://www.youtube.com/watch?v=7CmFT0YA2nY
1940	Fall of Denmark, Norway, France to Nazis http://www.youtube.com/watch?v=Eq4RwuWnK_k
1941	Nazi invasion of Soviet Union http://www.youtube.com/watch?v=0BNucqbm_ZY
1941	Imperial Japanese attack on Pearl Harbor http://www.youtube.com/watch?v=3VqQAf74fsE
1942	“The End of the Beginning”: Battles of Midway, Guadalcanal, El Alamein, “Operation Torch”, and—most of all--”Operation Uranus”: Stalingrad http://www.youtube.com/watch?v=zhdHZIj76WE&feature=related http://econc10.bu.edu/economic_systems/NatIdentity/images/stalingrad_5.jpg http://www.youtube.com/watch?v=uXNrYoO-7qU&feature=related
1944	Bretton Woods conference: agreement to found the IMF and World Bank http://www.imf.org/external/np/arc/eng/fa/BWC/s5.htm
1945	Yalta and Potsdam Conferences shape post-World War II world; Germany partitioned http://students.umf.maine.edu/~devkota/Yalta%20Conference.jpg
1945	Labour Party first wins majority in British House of Commons http://en.wikipedia.org/wiki/File:Attlee_BW_cropped.jpg
1945	Death of Franklin Delano Roosevelt; Harry S Truman becomes President of the United States http://www.youtube.com/watch?v=4kQZQAAEBFU&feature=PlayList&p=F4FA9C7B6C60E4DA&index=16&playnext=2&playnext_from=PL
1945	U.S. atomic bombing of Hiroshima and Nagasaki http://media-2.web.britannica.com/eb-media/47/91847-004-669368AC.jpg
1947	Harry S Truman begins the Cold War with the “Truman Doctrine” http://www.youtube.com/watch?v=wmQD_W8Pcxg
1947	Britain grants independence to India and Pakistan http://www.youtube.com/watch?v=G5X7LzTrLYU
1947	George Marshall proposes the “Marshall Plan” http://www.youtube.com/watch?v=lUd2W6aMng4
1948	Stalinist coup in Czechoslovakia http://en.wikipedia.org/wiki/File:Edvard_Beneš.jpg
1948 1948	Israel founded. http://www.youtube.com/watch?v=nNWgfei6wO8 Stalin expels Yugoslavia from the Cominform http://img.timeinc.net/time/magazine/archive/covers/1955/1101550606_400.jpg
1949	Proclamation of the People's Republic of China http://en.wikipedia.org/wiki/File:PRCFounding.jpg
1950	Stalin slips Kim Il Sung's leash: the Korean War begins http://www.youtube.com/watch?v=b4hkUFriyFU http://upload.wikimedia.org/wikipedia/commons/5/51/Korean_War_bombing_Wonsan.jpg
1951	Treaty of Paris creates the European Coal and Steel Community http://ec.europa.eu/avservices/download/photo_download_en.cfm?id=13630&type=4
1954	U.S. Supreme Court decides Brown vs. Board of Education of Topeka, KS http://www.youtube.com/watch?v=TTGHLdr-iak&feature=related
1956	Khruschchev's "Secret Speech" denouncing Joseph Stalin http://media-2.web.britannica.com/eb-media/22/85222-004-B1564EDD.jpg
1956	Israel, France, and Britain attack Egypt http://www.youtube.com/watch?v=in_N6gv_CWU
1956	Hungarian revolt against the Soviet Union http://www.youtube.com/watch?v=CKcm4OqzpwU
1957	Treaty of Rome creates the European Economic Community of “the six” http://www.youtube.com/watch?v=ptJqwWqKq4M
1958	Mao Zedong launches Great Leap forward http://www.youtube.com/watch?v=efBQKHOfW60
1959	Lushan Plenum in China: “Disgrace” of Marshal Peng Dehuai http://www.paulnoll.com/Korea/War/Marshal-Peng-Dehuai.jpg
1961	Construction of Berlin Wall http://www.youtube.com/watch?v=nch5MbnvTqY
1962	Cuban Missile Crisis http://www.youtube.com/watch?v=W50RNAbmy3M
1963	Assassination of John F. Kennedy; Lyndon Johnson becomes President of the United States http://www.youtube.com/watch?v=TpicOfFajNE&feature=related
1964	Civil Rights Act in the United States http://www.youtube.com/watch?v=Q11kvbJy0cs
1964	Overthrow of Nikita Khrushchev; replacement by Leonid Brezhnev http://www.youtube.com/watch?v=DfpKYWY_zg8
1964	Gulf of Tonkin “incident” off coast of Vietnam http://www.youtube.com/watch?v=rd6zKqGcaOM
1964	Barry Goldwater runs for President on a non-RINO platform: destruction of Republican congressional power http://www.youtube.com/watch?v=k7kdLEjb9gM http://www.youtube.com/watch?v=Tf-MEdAPhYA&feature=related
1965	Lyndon Johnson uses overwhelming congressional majorities for Medicare, Medicaid, Voting Rights Act http://www.youtube.com/watch?v=opFYzLnC9hs
1965	Overthrow of Sukarno in Indonesia; massacres of Indonesian Communists (and many others); rise of Suharto http://www.youtube.com/watch?v=N-07wttSEx4
1966	Mao Zedong launches Cultural Revolution http://www.youtube.com/watch?v=_44Q_k2WxvE
1973	First “Oil Shock”: Syria and Egypt attack Israel on Yom Kippur http://www.youtube.com/watch?v=-66seomf2K4 http://www.youtube.com/watch?v=M22osf0vzrI http://www.theoildrum.com/uploads/12/oil_price_1945_2005.png
1974	Resignation of U.S. President Richard Nixon http://www.youtube.com/watch?v=F7dtRDQrV6c
1975	Fall of South Vietnam http://www.youtube.com/watch?v=oVDF2aQpYZc
1975	Indira Gandhi declares “emergency” http://www.indianexpress.com/ie/daily/20000713/e1.htm
1975	Death of Mao Zedong http://www.youtube.com/watch?v=0XeegyVkGm0
1978	The “Southern Expedition” of Deng Xiaoping http://www.youtube.com/watch?v=R0lwKlMFmZY
1979	Margaret Thatcher becomes Prime Minister of Great Britain http://www.youtube.com/watch?v=oK3eP9rh4So http://www.youtube.com/watch?v=EEPTjLl2Af8&feature=related
1979	Khomeini's Iranian Revolution http://www.youtube.com/watch?v=IlVOLSVS8yI
1981	Ronald Reagan becomes President of the United States http://www.youtube.com/watch?v=hpPt7xGx4Xo
1982	The “Volcker Deflation”: deepest post-World War II global recession (until now) http://econ161.berkeley.edu/movable_type/2003_archives/002736.html http://dailycandor.com/wp-content/uploads/2008/09/paul-volcker.jpg
1985	Mikhail Gorbachev comes to power in the Soviet Union: “glasnost” and “perestroika” http://www.youtube.com/watch?v=595W4JJHa2U
1985	Rajiv Gandhi takes first steps toward dismantling the License Raj http://www.guardian.co.uk/world/gallery/2007/may/09/india?picture=329818396
1989	Fall of the Berlin Wall http://www.youtube.com/watch?v=wnYXbJ_bcLc
1989	Tien an Men Square massacre http://www.youtube.com/watch?v=XJBnHMpHGRY&feature=PlayList&p=9EB1A4E767FD73C7&playnext=1&playnext_from=PL&index=5
1991	End of the Soviet Union http://www.youtube.com/watch?v=j-2kx549Mf0
1993	William J. Clinton becomes President of the United States—only the second Democratic president since 1968 http://www.youtube.com/watch?v=2SWjIPwm954
1993	U.S., Canada, and Mexico ratify NAFTA http://www.youtube.com/watch?v=HX8An-jSfFU
1994	Mexican peso crisis http://www.youtube.com/watch?v=hTWLEhlq1cQ
1998 1999	East Asian financial crisis http://www.j-bradford-delong.net/movable_type/images2/2002-09-26-Asia_cap_flows.gif Vladimir Putin becomes Acting President of the Russian Federation http://www.topnews.in/files/putin_0.jpg
2000	Collapse of the dot-com bubble http://www.stock-market-crash.net/images/nasdaq-bubble.gif
2001	George W. Bush becomes President of the United States http://www.youtube.com/watch?v=rXzgMdj5urs
2008	Failures of Bear Stearns, Lehman Brothers, Fannie Mae, Freddie Mac, AIG; start of largest post-World War II economic recession http://www.youtube.com/watch?v=gNUILhofHNA

You should know all about these *before* you start taking this course--but if you don't, take a look...

101 Events in Background World History

Year	Key Events
1896	William Jennings Bryan [D] loses U.S. election to William McKinley [R] http://www.youtube.com/watch?v=HeTkT5-w5RA
1896	Large-scale gold mining in South Africa's Witwatersrand http://www.mindat.org/photo-158996.html
1899	Start of the Boer War http://www.youtube.com/watch?v=6Rvz6O1vPWU
1901	Assassination of McKinley; Theodore Roosevelt becomes President of the United States http://lcweb2.loc.gov/pnp/cph/3a00000/3a08000/3a08600/3a08686r.jpg
1905	U.S. Supreme Court decides Lochner case: Constitution held to enact Herbert Spencers's “social statics” http://www.pbs.org/wnet/supremecourt/capitalism/landmark_lochner.html
1910	Start of Mexican Revolution http://www.youtube.com/watch?v=lbUw_GCskog&feature=PlayList&p=BF8C75DD02E5CE25&index=0&playnext=1
1911	Overthrow of the Qing Dynasty; declaration of the Chinese Republic http://en.wikipedia.org/wiki/File:Xh1.jpg
1912	Theodore Roosevelt splits Republican Party; Woodrow Wilson [D] elected President of the United States http://www.youtube.com/watch?v=yb30L-NmKjo
1914	Start of World War I: France, Britain, Italy (from 1915), Russia (until 1917), and America (from 1917) vs. Germany, Austria, Turkey http://www.youtube.com/watch?v=kZPiaSYmj_4&feature=related
1917	Kerensky's Russian Revolution http://www.youtube.com/watch?v=mMGrIwLj7gU http://www.youtube.com/watch?v=QdpEaPxNW0g&feature=related
1917	Lenin's Russian Revolution in October (really November) http://www.youtube.com/watch?v=iGE6T3SRNAs
1918	End of World War I; overthrow of the German Emperor (“Kaiser”); establishment of the “Weimar Republic” http://www.youtube.com/watch?v=ABZcclM38jo&feature=PlayList&p=240BAFEB607EFFE1&index=27 http://www.history.stir.ac.uk/img/site-images/flagofweimar.jpg
1919	Communist uprising in Germany: “Spartikist Rebellion” http://en.wikipedia.org/wiki/File:Bundesarchiv_Bild_102-00540A,_Berlin,_Revolutionskämpfe.jpg
1919	Treaty of Versailles to settle affairs after World War I http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2008/11/13/VersaillesLeaders460.jpg
1919	Jallianwala Bagh Massacre http://www.youtube.com/watch?v=J-wKcDkpqHE
1921	Lenin adopts the “New Economic Policy”: a small-scale return to the market http://faculty.unlv.edu/pwerth/NEP-Lenin.jpg
1922	Mussolini marches on Rome; establishes first fascist regime http://www.youtube.com/watch?v=4mF4ZjJ88wU
1923	French and Belgian troops occupy Germany's Ruhr Valley to try to force reparations payments http://www.youtube.com/watch?v=jUa5h6C4-j4
1923	End of German hyperinflation: $1 = 4,000,000,000,000 RM http://dakiniland.files.wordpress.com/2009/05/inflation-1923.jpg
1923	German World War I General Erich Ludendorff and Adolf Hitler attempt coup--”Beer Hall Putsch” http://www.youtube.com/watch?v=J-BjUFV-aPs&feature=PlayList&p=7C19E39CBB61FAE2&index=8
1924	Death of Lenin http://www.youtube.com/watch?v=YJU5H7sqQTc
1925	Death of Sun Yatsen http://nhs.needham.k12.ma.us/cur/Baker_00/2001_p6/baker_js_p6/Intro.jpg
1925	Great Britain returns to the gold standard http://3.bp.blogspot.com/_wmz32xeNKtU/SpldujLl5vI/AAAAAAAABJE/FP0tn7TdKkg/s400/British+Pound+1900-1939+chart.PNG
1926	General Strike in Great Britain http://unionbadges.files.wordpress.com/2008/11/british_worker.jpg http://www.youtube.com/watch?v=nOal1HYlRag
1927	Chiang Kaishek's Kuomintang double-crosses his Communist allies; massacres in Shanghai http://www.youtube.com/watch?v=5sa3qY4m1Ps
1927	Stalin expels Trotsky, Zinoviev, and Kamenev from the Communist Party http://www.youtube.com/watch?v=jfmSPYDb0FQ
1928	Chiang Kaishek launches “Northern Expedition” http://www.coverbrowser.com/image/time/563-1.jpg
1928	Launching of first Five Year Plan in the Soviet Union
1929	http://www.youtube.com/watch?v=oXGThPeOJu4 http://www.youtube.com/watch?v=S69s8YyJMlM Drive to “collectivize” agriculture in the Soviet Union: start of terror-famine in the Ukraine http://pmeyer.web.wesleyan.edu/206/Derevnia.jpg http://www.hawaii.edu/powerkills/RM3.S.FACE.OF.FAM.JPG http://www.youtube.com/watch?v=K2sugMM9y3Q&feature=related
1929	The Wall Street stock market crash; start of the Great Depression http://www.youtube.com/watch?v=IWrX6kC9Nhs
1930	Gandhi's “Salt March” http://www.youtube.com/watch?v=dsBHeBXt5Qk
1931	German Social Democratic Party rejects proposals to plan a “New Deal” for Germany http://www.spartacus.schoolnet.co.uk/GERhilferding.JPG
1932	Election of Franklin Delano Roosevelt in the United States http://www.youtube.com/watch?v=oblTN1ojsAA&feature=PlayList&p=89F9180242B853AD&index=2
1933	Adolf Hitler becomes the last Chancellor of Germany's Weimar Republic http://www.youtube.com/watch?v=_Q-6H4xOUrs
1933	Worst year of the Great Depression http://www.youtube.com/watch?v=MZHEkU__Ijw
1934	Start of Mao Zedong's “Long March” http://en.wikipedia.org/wiki/File:Chinese_civil_way_map_03.jpg
1935	Franklin Delano Roosevelt proposes and congress passes the Social Security Act http://www.youtube.com/watch?v=aVZijG4WSOw
1935	Franklin Delano Roosevelt proposes and congress passes the National Labor Relations Act http://explorepahistory.com/displayimage.php?imgId=4594
1936	Francisco Franco attempts to overthrow Spanish Republic: start of Spanish Civil War http://www.youtube.com/watch?v=atynzDwSbuo&feature=related http://upload.wikimedia.org/wikipedia/en/7/74/PicassoGuernica.jpg
1937	U.S. Supreme Court surprisingly declares NLRA constitutional: “the switch in time that saved nine” http://www.boston.com/news/globe/ideas/articles/2005/12/04/supreme_switch/
1937	Marco Polo Bridge “incident”; start of World War II in Asia http://en.wikipedia.org/wiki/File:Lugou_battle.jpg http://www.youtube.com/watch?v=NB2qDwAlxw4
1939	Final victory by Franco in Spanish Civil War http://www.youtube.com/watch?v=jBhejsi9Z1c http://www.youtube.com/watch?v=HX_-faiNTVU
1939	Start of World War II in Europe; Nazi Soviet pact; Nazi invasion of Poland http://www.youtube.com/watch?v=7CmFT0YA2nY
1940	Fall of Denmark, Norway, France to Nazis http://www.youtube.com/watch?v=Eq4RwuWnK_k
1941	Nazi invasion of Soviet Union http://www.youtube.com/watch?v=0BNucqbm_ZY
1941	Imperial Japanese attack on Pearl Harbor http://www.youtube.com/watch?v=3VqQAf74fsE
1942	“The End of the Beginning”: Battles of Midway, Guadalcanal, El Alamein, “Operation Torch”, and—most of all--”Operation Uranus”: Stalingrad http://www.youtube.com/watch?v=zhdHZIj76WE&feature=related http://econc10.bu.edu/economic_systems/NatIdentity/images/stalingrad_5.jpg http://www.youtube.com/watch?v=uXNrYoO-7qU&feature=related
1944	Bretton Woods conference: agreement to found the IMF and World Bank http://www.imf.org/external/np/arc/eng/fa/BWC/s5.htm
1945	Yalta and Potsdam Conferences shape post-World War II world; Germany partitioned http://students.umf.maine.edu/~devkota/Yalta%20Conference.jpg
1945	Labour Party first wins majority in British House of Commons http://en.wikipedia.org/wiki/File:Attlee_BW_cropped.jpg
1945	Death of Franklin Delano Roosevelt; Harry S Truman becomes President of the United States http://www.youtube.com/watch?v=4kQZQAAEBFU&feature=PlayList&p=F4FA9C7B6C60E4DA&index=16&playnext=2&playnext_from=PL
1945	U.S. atomic bombing of Hiroshima and Nagasaki http://media-2.web.britannica.com/eb-media/47/91847-004-669368AC.jpg
1947	Harry S Truman begins the Cold War with the “Truman Doctrine” http://www.youtube.com/watch?v=wmQD_W8Pcxg
1947	Britain grants independence to India and Pakistan http://www.youtube.com/watch?v=G5X7LzTrLYU
1947	George Marshall proposes the “Marshall Plan” http://www.youtube.com/watch?v=lUd2W6aMng4
1948	Stalinist coup in Czechoslovakia http://en.wikipedia.org/wiki/File:Edvard_Beneš.jpg
1948 1948	Israel founded. http://www.youtube.com/watch?v=nNWgfei6wO8 Stalin expels Yugoslavia from the Cominform http://img.timeinc.net/time/magazine/archive/covers/1955/1101550606_400.jpg
1949	Proclamation of the People's Republic of China http://en.wikipedia.org/wiki/File:PRCFounding.jpg
1950	Stalin slips Kim Il Sung's leash: the Korean War begins http://www.youtube.com/watch?v=b4hkUFriyFU http://upload.wikimedia.org/wikipedia/commons/5/51/Korean_War_bombing_Wonsan.jpg
1951	Treaty of Paris creates the European Coal and Steel Community http://ec.europa.eu/avservices/download/photo_download_en.cfm?id=13630&type=4
1954	U.S. Supreme Court decides Brown vs. Board of Education of Topeka, KS http://www.youtube.com/watch?v=TTGHLdr-iak&feature=related
1956	Khruschchev's "Secret Speech" denouncing Joseph Stalin http://media-2.web.britannica.com/eb-media/22/85222-004-B1564EDD.jpg
1956	Israel, France, and Britain attack Egypt http://www.youtube.com/watch?v=in_N6gv_CWU
1956	Hungarian revolt against the Soviet Union http://www.youtube.com/watch?v=CKcm4OqzpwU
1957	Treaty of Rome creates the European Economic Community of “the six” http://www.youtube.com/watch?v=ptJqwWqKq4M
1958	Mao Zedong launches Great Leap forward http://www.youtube.com/watch?v=efBQKHOfW60
1959	Lushan Plenum in China: “Disgrace” of Marshal Peng Dehuai http://www.paulnoll.com/Korea/War/Marshal-Peng-Dehuai.jpg
1961	Construction of Berlin Wall http://www.youtube.com/watch?v=nch5MbnvTqY
1962	Cuban Missile Crisis http://www.youtube.com/watch?v=W50RNAbmy3M
1963	Assassination of John F. Kennedy; Lyndon Johnson becomes President of the United States http://www.youtube.com/watch?v=TpicOfFajNE&feature=related
1964	Civil Rights Act in the United States http://www.youtube.com/watch?v=Q11kvbJy0cs
1964	Overthrow of Nikita Khrushchev; replacement by Leonid Brezhnev http://www.youtube.com/watch?v=DfpKYWY_zg8
1964	Gulf of Tonkin “incident” off coast of Vietnam http://www.youtube.com/watch?v=rd6zKqGcaOM
1964	Barry Goldwater runs for President on a non-RINO platform: destruction of Republican congressional power http://www.youtube.com/watch?v=k7kdLEjb9gM http://www.youtube.com/watch?v=Tf-MEdAPhYA&feature=related
1965	Lyndon Johnson uses overwhelming congressional majorities for Medicare, Medicaid, Voting Rights Act http://www.youtube.com/watch?v=opFYzLnC9hs
1965	Overthrow of Sukarno in Indonesia; massacres of Indonesian Communists (and many others); rise of Suharto http://www.youtube.com/watch?v=N-07wttSEx4
1966	Mao Zedong launches Cultural Revolution http://www.youtube.com/watch?v=_44Q_k2WxvE
1973	First “Oil Shock”: Syria and Egypt attack Israel on Yom Kippur http://www.youtube.com/watch?v=-66seomf2K4 http://www.youtube.com/watch?v=M22osf0vzrI http://www.theoildrum.com/uploads/12/oil_price_1945_2005.png
1974	Resignation of U.S. President Richard Nixon http://www.youtube.com/watch?v=F7dtRDQrV6c
1975	Fall of South Vietnam http://www.youtube.com/watch?v=oVDF2aQpYZc
1975	Indira Gandhi declares “emergency” http://www.indianexpress.com/ie/daily/20000713/e1.htm
1975	Death of Mao Zedong http://www.youtube.com/watch?v=0XeegyVkGm0
1978	The “Southern Expedition” of Deng Xiaoping http://www.youtube.com/watch?v=R0lwKlMFmZY
1979	Margaret Thatcher becomes Prime Minister of Great Britain http://www.youtube.com/watch?v=oK3eP9rh4So http://www.youtube.com/watch?v=EEPTjLl2Af8&feature=related
1979	Khomeini's Iranian Revolution http://www.youtube.com/watch?v=IlVOLSVS8yI
1981	Ronald Reagan becomes President of the United States http://www.youtube.com/watch?v=hpPt7xGx4Xo
1982	The “Volcker Deflation”: deepest post-World War II global recession (until now) http://econ161.berkeley.edu/movable_type/2003_archives/002736.html http://dailycandor.com/wp-content/uploads/2008/09/paul-volcker.jpg
1985	Mikhail Gorbachev comes to power in the Soviet Union: “glasnost” and “perestroika” http://www.youtube.com/watch?v=595W4JJHa2U
1985	Rajiv Gandhi takes first steps toward dismantling the License Raj http://www.guardian.co.uk/world/gallery/2007/may/09/india?picture=329818396
1989	Fall of the Berlin Wall http://www.youtube.com/watch?v=wnYXbJ_bcLc
1989	Tien an Men Square massacre http://www.youtube.com/watch?v=XJBnHMpHGRY&feature=PlayList&p=9EB1A4E767FD73C7&playnext=1&playnext_from=PL&index=5
1991	End of the Soviet Union http://www.youtube.com/watch?v=j-2kx549Mf0
1993	William J. Clinton becomes President of the United States—only the second Democratic president since 1968 http://www.youtube.com/watch?v=2SWjIPwm954
1993	U.S., Canada, and Mexico ratify NAFTA http://www.youtube.com/watch?v=HX8An-jSfFU
1994	Mexican peso crisis http://www.youtube.com/watch?v=hTWLEhlq1cQ
1998 1999	East Asian financial crisis http://www.j-bradford-delong.net/movable_type/images2/2002-09-26-Asia_cap_flows.gif Vladimir Putin becomes Acting President of the Russian Federation http://www.topnews.in/files/putin_0.jpg
2000	Collapse of the dot-com bubble http://www.stock-market-crash.net/images/nasdaq-bubble.gif
2001	George W. Bush becomes President of the United States http://www.youtube.com/watch?v=rXzgMdj5urs
2008	Failures of Bear Stearns, Lehman Brothers, Fannie Mae, Freddie Mac, AIG; start of largest post-World War II economic recession http://www.youtube.com/watch?v=gNUILhofHNA

Year	Key Events
1896	William Jennings Bryan [D] loses U.S. election to William McKinley [R] http://www.youtube.com/watch?v=HeTkT5-w5RA
1896	Large-scale gold mining in South Africa's Witwatersrand http://www.mindat.org/photo-158996.html
1899	Start of the Boer War http://www.youtube.com/watch?v=6Rvz6O1vPWU
1901	Assassination of McKinley; Theodore Roosevelt becomes President of the United States http://lcweb2.loc.gov/pnp/cph/3a00000/3a08000/3a08600/3a08686r.jpg
1905	U.S. Supreme Court decides Lochner case: Constitution held to enact Herbert Spencers's “social statics” http://www.pbs.org/wnet/supremecourt/capitalism/landmark_lochner.html
1910	Start of Mexican Revolution http://www.youtube.com/watch?v=lbUw_GCskog&feature=PlayList&p=BF8C75DD02E5CE25&index=0&playnext=1
1911	Overthrow of the Qing Dynasty; declaration of the Chinese Republic http://en.wikipedia.org/wiki/File:Xh1.jpg
1912	Theodore Roosevelt splits Republican Party; Woodrow Wilson [D] elected President of the United States http://www.youtube.com/watch?v=yb30L-NmKjo
1914	Start of World War I: France, Britain, Italy (from 1915), Russia (until 1917), and America (from 1917) vs. Germany, Austria, Turkey http://www.youtube.com/watch?v=kZPiaSYmj_4&feature=related
1917	Kerensky's Russian Revolution http://www.youtube.com/watch?v=mMGrIwLj7gU http://www.youtube.com/watch?v=QdpEaPxNW0g&feature=related
1917	Lenin's Russian Revolution in October (really November) http://www.youtube.com/watch?v=iGE6T3SRNAs
1918	End of World War I; overthrow of the German Emperor (“Kaiser”); establishment of the “Weimar Republic” http://www.youtube.com/watch?v=ABZcclM38jo&feature=PlayList&p=240BAFEB607EFFE1&index=27 http://www.history.stir.ac.uk/img/site-images/flagofweimar.jpg
1919	Communist uprising in Germany: “Spartikist Rebellion” http://en.wikipedia.org/wiki/File:Bundesarchiv_Bild_102-00540A,_Berlin,_Revolutionskämpfe.jpg
1919	Treaty of Versailles to settle affairs after World War I http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2008/11/13/VersaillesLeaders460.jpg
1919	Jallianwala Bagh Massacre http://www.youtube.com/watch?v=J-wKcDkpqHE
1921	Lenin adopts the “New Economic Policy”: a small-scale return to the market http://faculty.unlv.edu/pwerth/NEP-Lenin.jpg
1922	Mussolini marches on Rome; establishes first fascist regime http://www.youtube.com/watch?v=4mF4ZjJ88wU
1923	French and Belgian troops occupy Germany's Ruhr Valley to try to force reparations payments http://www.youtube.com/watch?v=jUa5h6C4-j4
1923	End of German hyperinflation: $1 = 4,000,000,000,000 RM http://dakiniland.files.wordpress.com/2009/05/inflation-1923.jpg
1923	German World War I General Erich Ludendorff and Adolf Hitler attempt coup--”Beer Hall Putsch” http://www.youtube.com/watch?v=J-BjUFV-aPs&feature=PlayList&p=7C19E39CBB61FAE2&index=8
1924	Death of Lenin http://www.youtube.com/watch?v=YJU5H7sqQTc
1925	Death of Sun Yatsen http://nhs.needham.k12.ma.us/cur/Baker_00/2001_p6/baker_js_p6/Intro.jpg
1925	Great Britain returns to the gold standard http://3.bp.blogspot.com/_wmz32xeNKtU/SpldujLl5vI/AAAAAAAABJE/FP0tn7TdKkg/s400/British+Pound+1900-1939+chart.PNG
1926	General Strike in Great Britain http://unionbadges.files.wordpress.com/2008/11/british_worker.jpg http://www.youtube.com/watch?v=nOal1HYlRag
1927	Chiang Kaishek's Kuomintang double-crosses his Communist allies; massacres in Shanghai http://www.youtube.com/watch?v=5sa3qY4m1Ps
1927	Stalin expels Trotsky, Zinoviev, and Kamenev from the Communist Party http://www.youtube.com/watch?v=jfmSPYDb0FQ
1928	Chiang Kaishek launches “Northern Expedition” http://www.coverbrowser.com/image/time/563-1.jpg
1928	Launching of first Five Year Plan in the Soviet Union
1929	http://www.youtube.com/watch?v=oXGThPeOJu4 http://www.youtube.com/watch?v=S69s8YyJMlM Drive to “collectivize” agriculture in the Soviet Union: start of terror-famine in the Ukraine http://pmeyer.web.wesleyan.edu/206/Derevnia.jpg http://www.hawaii.edu/powerkills/RM3.S.FACE.OF.FAM.JPG http://www.youtube.com/watch?v=K2sugMM9y3Q&feature=related
1929	The Wall Street stock market crash; start of the Great Depression http://www.youtube.com/watch?v=IWrX6kC9Nhs
1930	Gandhi's “Salt March” http://www.youtube.com/watch?v=dsBHeBXt5Qk
1931	German Social Democratic Party rejects proposals to plan a “New Deal” for Germany http://www.spartacus.schoolnet.co.uk/GERhilferding.JPG
1932	Election of Franklin Delano Roosevelt in the United States http://www.youtube.com/watch?v=oblTN1ojsAA&feature=PlayList&p=89F9180242B853AD&index=2
1933	Adolf Hitler becomes the last Chancellor of Germany's Weimar Republic http://www.youtube.com/watch?v=_Q-6H4xOUrs
1933	Worst year of the Great Depression http://www.youtube.com/watch?v=MZHEkU__Ijw
1934	Start of Mao Zedong's “Long March” http://en.wikipedia.org/wiki/File:Chinese_civil_way_map_03.jpg
1935	Franklin Delano Roosevelt proposes and congress passes the Social Security Act http://www.youtube.com/watch?v=aVZijG4WSOw
1935	Franklin Delano Roosevelt proposes and congress passes the National Labor Relations Act http://explorepahistory.com/displayimage.php?imgId=4594
1936	Francisco Franco attempts to overthrow Spanish Republic: start of Spanish Civil War http://www.youtube.com/watch?v=atynzDwSbuo&feature=related http://upload.wikimedia.org/wikipedia/en/7/74/PicassoGuernica.jpg
1937	U.S. Supreme Court surprisingly declares NLRA constitutional: “the switch in time that saved nine” http://www.boston.com/news/globe/ideas/articles/2005/12/04/supreme_switch/
1937	Marco Polo Bridge “incident”; start of World War II in Asia http://en.wikipedia.org/wiki/File:Lugou_battle.jpg http://www.youtube.com/watch?v=NB2qDwAlxw4
1939	Final victory by Franco in Spanish Civil War http://www.youtube.com/watch?v=jBhejsi9Z1c http://www.youtube.com/watch?v=HX_-faiNTVU
1939	Start of World War II in Europe; Nazi Soviet pact; Nazi invasion of Poland http://www.youtube.com/watch?v=7CmFT0YA2nY
1940	Fall of Denmark, Norway, France to Nazis http://www.youtube.com/watch?v=Eq4RwuWnK_k
1941	Nazi invasion of Soviet Union http://www.youtube.com/watch?v=0BNucqbm_ZY
1941	Imperial Japanese attack on Pearl Harbor http://www.youtube.com/watch?v=3VqQAf74fsE
1942	“The End of the Beginning”: Battles of Midway, Guadalcanal, El Alamein, “Operation Torch”, and—most of all--”Operation Uranus”: Stalingrad http://www.youtube.com/watch?v=zhdHZIj76WE&feature=related http://econc10.bu.edu/economic_systems/NatIdentity/images/stalingrad_5.jpg http://www.youtube.com/watch?v=uXNrYoO-7qU&feature=related
1944	Bretton Woods conference: agreement to found the IMF and World Bank http://www.imf.org/external/np/arc/eng/fa/BWC/s5.htm
1945	Yalta and Potsdam Conferences shape post-World War II world; Germany partitioned http://students.umf.maine.edu/~devkota/Yalta%20Conference.jpg
1945	Labour Party first wins majority in British House of Commons http://en.wikipedia.org/wiki/File:Attlee_BW_cropped.jpg
1945	Death of Franklin Delano Roosevelt; Harry S Truman becomes President of the United States http://www.youtube.com/watch?v=4kQZQAAEBFU&feature=PlayList&p=F4FA9C7B6C60E4DA&index=16&playnext=2&playnext_from=PL
1945	U.S. atomic bombing of Hiroshima and Nagasaki http://media-2.web.britannica.com/eb-media/47/91847-004-669368AC.jpg
1947	Harry S Truman begins the Cold War with the “Truman Doctrine” http://www.youtube.com/watch?v=wmQD_W8Pcxg
1947	Britain grants independence to India and Pakistan http://www.youtube.com/watch?v=G5X7LzTrLYU
1947	George Marshall proposes the “Marshall Plan” http://www.youtube.com/watch?v=lUd2W6aMng4
1948	Stalinist coup in Czechoslovakia http://en.wikipedia.org/wiki/File:Edvard_Beneš.jpg
1948 1948	Israel founded. http://www.youtube.com/watch?v=nNWgfei6wO8 Stalin expels Yugoslavia from the Cominform http://img.timeinc.net/time/magazine/archive/covers/1955/1101550606_400.jpg
1949	Proclamation of the People's Republic of China http://en.wikipedia.org/wiki/File:PRCFounding.jpg
1950	Stalin slips Kim Il Sung's leash: the Korean War begins http://www.youtube.com/watch?v=b4hkUFriyFU http://upload.wikimedia.org/wikipedia/commons/5/51/Korean_War_bombing_Wonsan.jpg
1951	Treaty of Paris creates the European Coal and Steel Community http://ec.europa.eu/avservices/download/photo_download_en.cfm?id=13630&type=4
1954	U.S. Supreme Court decides Brown vs. Board of Education of Topeka, KS http://www.youtube.com/watch?v=TTGHLdr-iak&feature=related
1956	Khruschchev's "Secret Speech" denouncing Joseph Stalin http://media-2.web.britannica.com/eb-media/22/85222-004-B1564EDD.jpg
1956	Israel, France, and Britain attack Egypt http://www.youtube.com/watch?v=in_N6gv_CWU
1956	Hungarian revolt against the Soviet Union http://www.youtube.com/watch?v=CKcm4OqzpwU
1957	Treaty of Rome creates the European Economic Community of “the six” http://www.youtube.com/watch?v=ptJqwWqKq4M
1958	Mao Zedong launches Great Leap forward http://www.youtube.com/watch?v=efBQKHOfW60
1959	Lushan Plenum in China: “Disgrace” of Marshal Peng Dehuai http://www.paulnoll.com/Korea/War/Marshal-Peng-Dehuai.jpg
1961	Construction of Berlin Wall http://www.youtube.com/watch?v=nch5MbnvTqY
1962	Cuban Missile Crisis http://www.youtube.com/watch?v=W50RNAbmy3M
1963	Assassination of John F. Kennedy; Lyndon Johnson becomes President of the United States http://www.youtube.com/watch?v=TpicOfFajNE&feature=related
1964	Civil Rights Act in the United States http://www.youtube.com/watch?v=Q11kvbJy0cs
1964	Overthrow of Nikita Khrushchev; replacement by Leonid Brezhnev http://www.youtube.com/watch?v=DfpKYWY_zg8
1964	Gulf of Tonkin “incident” off coast of Vietnam http://www.youtube.com/watch?v=rd6zKqGcaOM
1964	Barry Goldwater runs for President on a non-RINO platform: destruction of Republican congressional power http://www.youtube.com/watch?v=k7kdLEjb9gM http://www.youtube.com/watch?v=Tf-MEdAPhYA&feature=related
1965	Lyndon Johnson uses overwhelming congressional majorities for Medicare, Medicaid, Voting Rights Act http://www.youtube.com/watch?v=opFYzLnC9hs
1965	Overthrow of Sukarno in Indonesia; massacres of Indonesian Communists (and many others); rise of Suharto http://www.youtube.com/watch?v=N-07wttSEx4
1966	Mao Zedong launches Cultural Revolution http://www.youtube.com/watch?v=_44Q_k2WxvE
1973	First “Oil Shock”: Syria and Egypt attack Israel on Yom Kippur http://www.youtube.com/watch?v=-66seomf2K4 http://www.youtube.com/watch?v=M22osf0vzrI http://www.theoildrum.com/uploads/12/oil_price_1945_2005.png
1974	Resignation of U.S. President Richard Nixon http://www.youtube.com/watch?v=F7dtRDQrV6c
1975	Fall of South Vietnam http://www.youtube.com/watch?v=oVDF2aQpYZc
1975	Indira Gandhi declares “emergency” http://www.indianexpress.com/ie/daily/20000713/e1.htm
1975	Death of Mao Zedong http://www.youtube.com/watch?v=0XeegyVkGm0
1978	The “Southern Expedition” of Deng Xiaoping http://www.youtube.com/watch?v=R0lwKlMFmZY
1979	Margaret Thatcher becomes Prime Minister of Great Britain http://www.youtube.com/watch?v=oK3eP9rh4So http://www.youtube.com/watch?v=EEPTjLl2Af8&feature=related
1979	Khomeini's Iranian Revolution http://www.youtube.com/watch?v=IlVOLSVS8yI
1981	Ronald Reagan becomes President of the United States http://www.youtube.com/watch?v=hpPt7xGx4Xo
1982	The “Volcker Deflation”: deepest post-World War II global recession (until now) http://econ161.berkeley.edu/movable_type/2003_archives/002736.html http://dailycandor.com/wp-content/uploads/2008/09/paul-volcker.jpg
1985	Mikhail Gorbachev comes to power in the Soviet Union: “glasnost” and “perestroika” http://www.youtube.com/watch?v=595W4JJHa2U
1985	Rajiv Gandhi takes first steps toward dismantling the License Raj http://www.guardian.co.uk/world/gallery/2007/may/09/india?picture=329818396
1989	Fall of the Berlin Wall http://www.youtube.com/watch?v=wnYXbJ_bcLc
1989	Tien an Men Square massacre http://www.youtube.com/watch?v=XJBnHMpHGRY&feature=PlayList&p=9EB1A4E767FD73C7&playnext=1&playnext_from=PL&index=5
1991	End of the Soviet Union http://www.youtube.com/watch?v=j-2kx549Mf0
1993	William J. Clinton becomes President of the United States—only the second Democratic president since 1968 http://www.youtube.com/watch?v=2SWjIPwm954
1993	U.S., Canada, and Mexico ratify NAFTA http://www.youtube.com/watch?v=HX8An-jSfFU
1994	Mexican peso crisis http://www.youtube.com/watch?v=hTWLEhlq1cQ
1998 1999	East Asian financial crisis http://www.j-bradford-delong.net/movable_type/images2/2002-09-26-Asia_cap_flows.gif Vladimir Putin becomes Acting President of the Russian Federation http://www.topnews.in/files/putin_0.jpg
2000	Collapse of the dot-com bubble http://www.stock-market-crash.net/images/nasdaq-bubble.gif
2001	George W. Bush becomes President of the United States http://www.youtube.com/watch?v=rXzgMdj5urs
2008	Failures of Bear Stearns, Lehman Brothers, Fannie Mae, Freddie Mac, AIG; start of largest post-World War II economic recession http://www.youtube.com/watch?v=gNUILhofHNA

Hausman: Josh Hausman's office Hours week of 9/14

This week I will be holding office hours on Wednesday from 5-6:30 pm in Evans 608-3. I will NOT be holding office hours on Thursday this week.