1982: Great ModerationThe Great Moderation from the mid-1980s to 2007 was a welcome period of relative calm after the volatility of the Great Inflation.
1982: Latin American Debt CrisisDuring the Latin American debt crisis of the 1980s—a period often referred to as the “lost decade”—many Latin American countries became unable to service their foreign debt.
1984: Failure of Continental IllinoisThe 1984 rescue of the bank Continental Illinois gave popular rise to the term, "too big to fail."
1987: Stock Market Crash of 1987The first contemporary global financial crisis unfolded in the autumn of 1987 on a day known infamously as “Black Monday.”
1991: FDICIAThe Federal Deposit Insurance Corporation Improvement Act was signed into law on Dec. 19, 1991.
1994: Riegle-Neal Act of 1994The Riegle-Neal Interstate Banking Act of 1994 removed a number of obstacles preventing banks from opening branches in other states and provided a uniform set of rules regarding banking in each state.
1997: Asian Financial CrisisOn July 2, 1997, Thailand devalued its currency relative to the US dollar.
1998: LTCM CollapseOn September 23, 1998, a group of fourteen banks and brokerage firms invested $3.6 billion in Long-Term Capital Management L.P. (LTCM) to prevent the firm’s imminent collapse.
1999: Gramm-Leach-Bliley ActThe Financial Services Modernization Act of 1999, commonly called Gramm-Leach-Bliley, was passed in November 1999.