aug 7, 1982 - 1982 (regarding banking)
Description:
During this time the government did not have strict regulations on the commercial banks so they went ahead and started making huge investments and eventually all those investments went bad and many banks needed to close down.
picture- https://s3.amazonaws.com/s3.timetoast.com/public/uploads/photos/6612921/bank10.jpg?14775
Information-https://www.investopedia.com/articles/financial-theory/banking-crisis-1980s.asp
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