events
The stock market crashes after the first United States House of Representatives vote on the Emergency Economic Stabilization Act fails during the beginning stages of the Great Recession.
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Stock market crash
Sudden widespread decline of stock prices
A stock market crash is a sudden dramatic decline of stock prices across a major cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic selling and underlying economic factors. They often follow speculation and economic…Source: Wikipedia (CC BY-SA)
United States House of Representatives
Lower house of the US Congress
The United States House of Representatives is a chamber of the bicameral United States Congress; it is the lower house, with the U.S. Senate being the upper house. Together, the House and Senate have the authority under Article One of the U.S. Constitution in enumerated matters…Source: Wikipedia (CC BY-SA)
Emergency Economic Stabilization Act of 2008
US law creating the Troubled Asset Relief Program (TARP)
The Emergency Economic Stabilization Act of 2008, also known as the "bank bailout of 2008" or the "Wall Street bailout", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks. The…Source: Wikipedia (CC BY-SA)
Great Recession
2007–2009 international economic decline
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009, overlapping with the closely related 2008 financial crisis. The scale and timing of the recession varied from country to country. At the time, the…Source: Wikipedia (CC BY-SA)
September 29
Day of the year
September 29 is the 272nd day of the year in the Gregorian calendar; 93 days remain until the end of the year.Source: Wikipedia (CC BY-SA)