August 1971

President Nixon announces wage-price controls

October 1973

OPEC moves to embargo shipments to the United States, Western Europe and Japan

1979

Consumer prices rise 13.3 percent, the largest increase in 33 years

October 1979

FOMC switches from targeting the federal funds rate to the money supply

December 1980

Prime rate reaches 20.35 percent

November 1982

Unemployment rate reaches 10.8 percent

October 1987

Stock Market Crash

August 1990

Iraq invades Kuwait

November 1991

Chairman Greenspan indicates headwinds are holding back economy

1992

“It's the economy, stupid”

3rd Qtr 1993

Flooding in nine Midwestern states

December 1996

Chairman Greenspan declares “irrational exuberance” in the stock market

Summer 1997

Asian financial turmoil

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