This study investigates an empirical relationship of previous financial crises with that of the U.S. subprime mortgage crisis of 2007. Using data from 2002 to 2008, this paper examines three key industries in the U.S. stock market before and after the U.S. subprime mortgage meltdown in the fall of 2007. There are one hundred and eighty companies examined, using a multiple regression model to examine the interdependencies between industries and previous global financial crises. This investigation contributes to the general literature by documenting the relationship between global financial crises this century and last to a proven financial crisis theory. A financial crisis theory is used to show the connection to prior financial crises to the U.S. subprime mortgage crisis, in order to better comprehend the fundamental and technical patterns of a financial crisis. The purpose of this paper is to analyze the impact the current U.S. subprime mortgage crisis has had on three industries in the U.S. stock market. A multiple regression model is used to investigate the significance of the subprime mortgage crisis on three separate U.S. industries. This paper analyzes important financial information from February 2002 to October 2008, five years prior to January 2007 and a period of twenty-one months after the U.S. subprime mortgage crisis became evident of its sheer size and power to influence financial institutions and markets in February 2007.

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