Bangalore: Global economy saw a great turmoil during the financial year 2011-12. There are a few considerable incidences which have influenced this. Moneycontrol.com has jotted down such events, right from S&P’s cutting U.S. credit rating to the Chinese slowdown. Let’s have a look.

1. May 14, 2011

Dominique Strauss-Kahn, Managing Director of International Monetary Fund, was disgraced and forced to resign. He faced a trial after being accused of sexual assault on a maid in his penthouse suite of New York's Sofitel Hotel. He resigned as head of the International Monetary Fund. He was also a lead-runner at the French presidential election, but after this incidence, his presidential ambitions were ruined.

2. May 17, 2011

Anti-capitalism demonstrations were started in Spain on this day. These protests were a series of ongoing demonstrations in Spain started on 15 May with an initial call in 58 Spanish cities. By September, they spread to Britain and U.S. via Chile, with tens of thousands, representing across 82 countries by October.

September 17, 2011

Occupy Wall Street movement started on started, in Zuccotti Park, of New York City's Wall Street. Occupy Wall Street was initiated by the Canadian activist group ‘Adbusters’ and has led to “Occupy protests and movements” around the world. The Occupy Wall Street protests are against social and economic inequality, greed, corruption and the unjustified influence of corporations on government, especially from the financial services sector.