Society & Economics
The financial and energy stories of 2007, as the subprime mortgage crisis broke, markets peaked, and oil neared $100 a barrel.
Every Society & Economics article in the 2007 knowledge base. Use the topic filters to narrow by sub-topic.
New England Patriots Achieve 16-0 NFL Regular Season
On December 29, 2007, the New England Patriots completed an undefeated 16-0 regular season, becom...
Oil Prices Spike to Near $100 per Barrel
In late 2007, crude oil prices rose sharply, approaching the $100 per barrel level for the first ...
Merck settles Vioxx lawsuits for $4.85 billion
On November 9, Merck announced a $4.85 billion settlement to resolve thousands of lawsuits allegi...
Lewis Hamilton's 2007 Formula 1 debut championship season
In his 2007 rookie Formula 1 season, 22-year-old McLaren driver Lewis Hamilton won four races and...
October 2007 California Wildfires
Beginning October 21, 2007, a wave of catastrophic wildfires swept across Southern California, bu...
Stock Market Peaks Before 2008 Crisis
On October 9, 2007, the Dow Jones Industrial Average closed at 14,164.53, an all-time high. Two d...
Northern Rock Bank Run
On September 14, 2007, the Bank of England's emergency liquidity assistance announcement triggere...
Tour de France 2007
Alberto Contador won the 2007 Tour de France, held July 7–29, by 23 seconds over Cadel Evans, bec...
Subprime Mortgage Crisis and Bear Stearns Hedge Fund Coll...
The subprime mortgage crisis emerged from years of deteriorating lending standards, a collapsing ...
Nuclear Power Renaissance Begins
In 2007, global interest in nuclear power staged a dramatic rebound after two decades of stagnati...
Hank Paulson and the Treasury Department's 2007 Financial...
Henry M. "Hank" Paulson Jr. served as the 74th Secretary of the U.S. Department of the Treasury f...
China emerges as global renewable energy manufacturing le...
By 2007, China had positioned itself as a rapidly expanding force in renewable energy manufacturi...
Ben Bernanke and the Federal Reserve's 2007 Crisis Response
Benjamin S. "Ben" Bernanke served as the 14th Chairman of the Board of Governors of the Federal R...
Greensburg, Kansas EF5 Tornado
On May 4, 2007, an EF5 tornado destroyed 95% of Greensburg, Kansas, killing 11 people and becomin...
ICC Cricket World Cup 2007
The 2007 Cricket World Cup took place in the West Indies from March 13 to April 28, with Australi...
2007 Pet Food Recall and Melamine Contamination
Beginning March 16, 2007, pet food manufacturers initiated the largest pet food recall in history...
Super Bowl XLI
On February 4, 2007, the Indianapolis Colts defeated the Chicago Bears 29-17 in Super Bowl XLI, c...
David Beckham joins LA Galaxy
On January 11, David Beckham signed a five-year contract with LA Galaxy, becoming the highest-pai...