International Events
International events have shaped the American economy and Fed policy.
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
