Third period of quantitative easing (QE3) begins Hurricane Sandy affects the northeastern states American Taxpayer Relief Act of 2012 passed.
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Syrian civil war and Libyan Crisis begin Osama bin Laden killed Operation Twist initiated European sovereign debt crisis begins Budget Control Act of 2011 passed. Second period of quantitative easing (QE2) begins Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 passed beginning of Arab Spring in November 2010 Record low of 71.30 on 3/17 Economic Stimulus Act of 2008 passed Public Law 110-343 goes into effect in October 2008 Barack Obama elected president.Īmerican Recovery and Reinvestment Act of 2009 passed ECB lowered rates first period of quantitative easing (QE1) begins 2009 flu pandemic begins in Mexico (pandemic ended in August 2010). Tax Relief and Health Care Act of 2006 passed.Įuro rose to $1.47 Great Recession began in December 2007. War on Terror doubled debt dollar weakened Hurricane Katrina affects Louisiana. United States invasion of Iraq Jobs and Growth Tax Relief Reconciliation Act of 2003 passed.Īmerican Jobs Creation Act of 2004 passed. Recession took place from March–November 2001 Economic Growth and Tax Relief Reconciliation Act of 2001 passed dollar rose to 118.54 on 12/24 after the September 11 attacks.Įuro launched as a hard currency at $.90. Bush elected President after a Supreme Court battle over the election recount in Florida. Marrakesh Agreement signed United States becomes a founding member of the World Trade Organization.ġ997 Asian financial crisis LTCM reform approved.ġ998 Russian financial crisis Clinton impeached by House of Representatives.Ĭlinton acquitted by the Senate Gramm–Leach–Bliley Act passed.ĭot-com bubble collapses George W. Bush Bill Clinton elected president.īalanced Budget Act and Omnibus Budget Reconciliation Act of 1993 both passed. Persian Gulf War takes places during the second year of the recession. Bush elected president.Įarly 1990s recession begins Omnibus Budget Reconciliation Act of 1990 passed.
#Quotes from the bucket list code
Ronald Reagan elected president after a recession began during Carter's last year as president.Įconomic Recovery Tax Act of 1981 passed by Congress signed into law by President Reagan in August 1981.Įmergency increases in taxes and defense spending are put into place this was caused by the Tax Equity and Fiscal Responsibility Act of 1982.Ĭonsolidated Omnibus Budget Reconciliation Act of 1985 and Tax Reform Act of 1986 signed into law by President Reagan Internal Revenue Code enacted.įed raised rates Omnibus Foreign Trade and Competitiveness Act passed George H. Jimmy Carter elected president interest rate lowered.įed raised rate to 20% to stop inflation. Nixon resigns as a result of the Watergate scandal Gerald Ford becomes president. Gold standard ended 1973 oil crisis takes place. President Richard Nixon announces the closing of the gold window and the institution of wage-price controls.īeginning of stagflation in response to the Nixon shock. Some commentators have said that the make up of the "basket" is overdue for revision as China, Mexico, South Korea and Brazil are major trading partners presently which are not part of the index whereas Sweden and Switzerland are continuing as part of the index.
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The make up of the "basket" has been altered only once, when several European currencies were subsumed by the euro at the start of 1999.
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It has since traded as high as 164.7200 in February 1985, and as low as 70.698 on March 16, 2008. USDX started in March 1973, soon after the dismantling of the Bretton Woods system.