A Time Of Downfall

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An overview of the economic happenings along with a little on how you can help your self.

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A Time Of Downfall

  1. 1. A Time of Downfall<br />“The Great Recession”<br />
  2. 2. The Housing Industry <br /><ul><li>Commercial real-estate fell 7.6% in May 2009
  3. 3. Both dollar volume and transaction count reached record lows
  4. 4. The indexes are down 29% from a year ago and 35% from Oct. 2007 peak
  5. 5. In April it dropped 8.6%
  6. 6. This makes a two month decline of 16%</li></li></ul><li>Banking Industry<br />More banks have failed in the last couple months than in all of 2008<br />As of Sept. 23 2009 119 banks and counting have failed<br />
  7. 7. Banking Failures<br />
  8. 8. Automotive Industry<br />GM Started in 1908<br />Founded in 1902 by William Durrant<br />$90.4 Billion in U.S. tax payer money was used for the bailout<br />
  9. 9.
  10. 10. Unemployment Rates form August 2008 & August 2009<br />20082009<br />Alabama 5.2% 10.4%<br />California 7.6% 12.2%<br />District of Columbia 7.2% 11.1%<br />Kentucky 6.7% 11.1%<br />Michigan 8.6% 15.2%<br />Montana 4.6% 6.6%<br />
  11. 11. Unemployment Rates Without Recovery act, and Projected Actual<br />
  12. 12. Free Enterprise!!!!<br />
  13. 13. Citations<br />Wallstreetjournal.com<br />Wiki.answers.com/Q/what year did general motors start <br />Google.com<br />CNN.com<br />Googleimages.com<br />CSNBC.com <br />http://www.swamppolitics.com/news/politics/blog/obama%20with%20mic%20jan%2018%202008.jpg<br />http://juicyestates.com/files/2009/01/foreclosure-for-sale-sign-with-house-drop.jpg<br />http://www.fdic.gov/about/strategic/corporate/cfo_report_4qtr_08/image/bank_failures_by_state.gif<br />http://www.bloggingstocks.com/2009/04/13/77-billion-more-to-bail-out-bankrupt-gm/<br />

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