International Events

International events have shaped the American economy and Fed policy.
From a 1945 U.S. Treasury report (via FRASER)

From a 1945 U.S. Treasury report (via FRASER)

 
Last updated October 10, 2023

Essays in This Theme

Asian Financial Crisis - A financial crisis started in Thailand in July 1997 and spread across East Asia

Creation of the Bretton Woods System - A new international monetary system was forged in 1944

Latin American Debt Crisis of the 1980s - During the 1980s, many Latin American countries were unable to service their foreign debt

Launch of the Bretton Woods System - The international currency system became operational in 1958

Oil Shock of 1973-74 - An oil embargo in the early 1970s complicated the U.S. macroeconomic environment

Oil Shock of 1978-79 - The second oil shock of the 1970s was associated with events in the Middle East

The Smithsonian Agreement - An attempt to rescue the Bretton Woods global monetary system in 1971