The Euro Is Adopted
A recording of a hotline caller is representative of the confusion some citizens are feeling as 12 European nations prepare to switch their individual currencies for euro notes and coins starting at midnight on January 1, 2002.
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The Euro Is Adopted
The Euro Is AdoptedAudio Clip (0:09)
Audio Clip (0:09)
A recording of a hotline caller is representative of the confusion some citizens are feeling as 12 European nations prepare to switch their individual currencies for euro notes and coins starting at midnight on January 1, 2002.
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U.S. Financial Market Nears Collapse in September 2008
U.S. Financial Market Nears Collapse in September 2008Audio Clip (0:30)
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In the wake of the worst financial crisis since the Depression, ABC News reports on September 14, 2008, on the impending collapse of the giant investment bank Lehman Brothers. Alan Greenspan, former chairman of the Federal Reserve, provides further analysis.
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Google Goes Public
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On April 29, 2004, Google, one of the most successful Internet search engines, filed for its initial public stock offering. A May 2 news report explains the company’s plans for an online auction, an unconventional move that will make its shares available to individual shareholders.
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Bernie Madoff Arrested in December 2008
Bernie Madoff Arrested in December 2008Audio Clip (0:27)
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On December 12, 2008, ABC News' Chris Cuomo reports on the previous day's arrest of financial adviser Bernard "Bernie" Madoff, who was accused of running the largest Ponzi scheme in U.S. history. Convicted on June 29, 2009, Madoff was sentenced to 150 years in prison.
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U.S. Credit Rating Is Downgraded in August 2011
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An August 6, 2011, report describes the unprecedented decision by the debt securities adviser Standard & Poor's to downgrade the United States' credit rating from AAA to AA+.
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Hoover on Unemployment Relief
Hoover on Unemployment ReliefAudio Clip (1:23)
Audio Clip (1:23)
On October 18, 1931, as the nation faces a deepening depression, President Herbert Hoover announces in his radio address the inauguration of a six-week campaign to raise local relief funds to aid the unemployed.
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Franklin D. Roosevelt Handles Banking Crisis
Franklin D. Roosevelt Handles Banking CrisisAudio Clip (0:55)
Audio Clip (0:55)
On March 6, 1933, newly elected President Franklin D. Roosevelt orders the temporary closing of all banks in an effort to stem a financial crisis. On March 12, Roosevelt delivers his first fireside chat radio broadcast to assure the American people that their savings are safe.
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Franklin D. Roosevelt's Labor Day Address 1942
Franklin D. Roosevelt's Labor Day Address 1942Audio Clip (1:23)
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In an address to the nation on Labor Day 1942, President Franklin D. Roosevelt summarizes an earlier meeting with Congress in which he urged cooperation to pass his seven-point economic plan to fight inflation, which was presented to both houses on April 28.
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