Ireland

U.S.

1974 2001

2007

August 2011

Percent job losses in recessions

1983 1990

Total Revenues of Top 500 Global Total Revenues of Top 500 Global Corporations as Percentage of World Income Corporations as Percentage of World Income

(GDP), 1960–2009(GDP), 1960–2009

Wages as Percent of Value Added in Manufacturing

Real GPD per capita

Median household income

HouseholdNonfinancial

Business

Federal Gov’t

State and Local Gov’t.

Financial Business

Penn Central (1970)

U.S. Stock Market crash (1987)

U.S. Savings and loan crisis of the 1980s and 1990s

Finnish banking crisis (1990s)

Swedish banking crisis (1990s)

1994 economic crisis in Mexico

1997 Asian financial crisis

1998 collapse of Long-Term Capital Management

1998 Russian financial crisis

Argentine economic crisis (1999–2002)

Dot.com stock crash (2001)

Great Recession (Lesser Depression, 2007-?)