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Fasten your seatbelts.

Name: Anonymous 2008-10-04 1:49

Panic of 1797
Panic of 1819
Panic of 1825
Panic of 1837
Panic of 1847
Panic of 1857
Panic of 1866
Panic of 1873
Panic of 1884
Panic of 1890
Panic of 1893
Panic of 1896
Panic of 1901
Panic of 1907
Panic of 1910–1911
Wall Street Crash of 1929
Recession of 1937
Recession of 1958
Stock market downturn of 2002

Coming up next, the Economic crisis of 2008

Name: Anonymous 2008-10-09 0:36

Reagan's tax policies were accused of pushing both the international transactions current account and the federal budget into deficit and led to a significant increase in public debt. Advocates of the Laffer curve contend that the tax cuts did lead to a near doubling of tax receipts ($517 billion in 1980 to $1,032 billion in 1990), so that the deficits were actually caused by an increase in government spending.  History shows that the large reductions in income tax rates in 1981 were followed by abnormally slow growth in income tax receipts, while the increases in income-tax rates enacted in 1990 and 1993 were followed by sizeable growth in income-tax receipts. The job growth under the Reagan administration was an average of 2.1% per year. A recession occurred in 1982.

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