19h 44min, aug 9, 1987 y - U.S. Trade Deficit
Description:
The U.S. trade deficit hit a record $152 thousand-million that same year. A stock market crash in the autumn of 1987 led many to question the stability of the economy.
Effect: Consumer confidence lessened and there was less money flowing through the economy for businesses and families.
Added to timeline:
Date:
19h 44min, aug 9, 1987 y
Now
~ 38 years ago