18 • RU BY, WILD ING & SWANSBURG Dg oaor dt fmu nodnsewy . eTrhe emma ka ri nkge tgwo oads mg ooi nn eg yu! pE, vuepr,yut hpi. n g w a s m a k i n g We all know what happened after the feel-good years of the '90s: the dot-com bubble burst. We started the new century in 2000 with three straight 2y e0a0r2s, tohf emNaArSkDe tA Ql o sl os sets .7 F8 rpoemr c Me natroc hf i tosf v2a0l u0e0. Tt oh eOSc&t oPb5e 0r 0o f ® fell nearly 40 percent. ¹⁰ Many people’s retirement awcacso ut hnat st 4w0e1r(ek s) se vhearde lbye de ne prleedt eudc .e dA trou 2n 0n 1i n(gk )jso. k e a t t h e t i m e Enmeshed in market turmoil, the government responded. At hf et eFr eydeearrasl Ro fe sreari svien fgi ni na ltleyr el oswt rear teeds i nl etaedr ei nsgt ri antteos tihne2b0u0b2b. l e , ¹¹ As America emerged from the 2000 financial crisis, the Ft heed rme at ur kr ne te dr et oc osvl oe wr eldy . r Ta ihsoi ns ge rwa teerse. Aonk da ,yf ryoema r2s .0 0M2otsot 2o0f 0u8s, wa cecroeu tnrtysi, nbgu tt oa te al erans tb tahc ek mwahrakt ewt we ha sa dh el ol psitnign uosuar l or entgi r. e m e n t markTehtecnr,atshheinrgeaalgaeisnta. te bubble burst in 2008, sending the This time, the market crashed fast, with the S&P 500 ® losing 37 percent of its value in a few weeks. ¹² ¹⁰ httYpash:/o/ofiFniannacnec.yea. “hGoSoP.cCoHmi/sqtouroictea/l %Pr5icEeGsS.”PC/history?period1=951782400&peri od2=1035849600&interval=1d&filter=history&frequency=1d&includeAdjusted Close=true ¹¹ Luka Nikolic. Foundation for Economic Education. August 1 0 , 2019. “A Tale of Tf ewe .oo rBgu/ba br tl iecsl :e Hs /oaw- t at hl ee- oFfe- dt wCor -absuhbe bd l et hs -ehToewc -ht ha en-df etdh-ec rHaos uh se idn-gt hMe -atrekceht-sa. ”n dh t- tt hp es :-/ / housing-markets/ ¹² httYpash:/o/ofiFniannacnec.ye.a“hGoSoP.cCoHmi/sqtouroictea/l %Pr5icEeGsS” PC/history?period1=1199145600&pe riod2=1230768000&interval=1d&filter=history&frequency=1d&includeAdjuste dClose=true
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