I think this whole situation is analogous of the 1970s to mid 1980s. There were many banks that failed, especially the saving and loans sector. Also, companies were asking for bailouts, which they got. Also, oil prices were high and they peaked in 1980 because of the Iranian Hostage Crisis and ongoing conflicts in the Middle East. Also, terrorism was a huge problem in war torn Lebanon. 241 American Marines were killed in a series of terrorist attack at a Beirut barrack on October 23, 1983, which killed 58 French soldiers and 6 civilians. Oil prices dropped in 1986. The 1929 Stock Market crash marks the start of the Great Depression, except there were economic problems brewing in the Roaring 20's. 1929 Stock Market Crash symbolizes the start of the Great Depression, but it was brewing before 1929. The 1920s was seen as a prosperous decade, yes the decade of "flapper girls" and Ford Model T. However, farmers were suffering in the 1920s, who were the backbone of the economy. I see this economy problem kinda starting the 1990s.
