The document summarizes the economic downturn in the late 2000s known as the Great Recession. It discusses declines in the housing, banking, automotive industries, and rise in unemployment rates from 2008 to 2009. The housing industry saw record lows in transaction volume and prices. The banking industry had more failures in late 2008 and 2009 than all of 2008. The automotive industry received $90.4 billion in taxpayer money for bailouts. Unemployment rates rose significantly over that period for many states like Michigan which saw a rise from 8.6% to 15.2%.

1. A Time of Downfall“The Great Recession”

2. The Housing Industry Commercial real-estate fell 7.6% in May 2009

3. Both dollar volume and transaction count reached record lows

4. The indexes are down 29% from a year ago and 35% from Oct. 2007 peak

5. In April it dropped 8.6%

6. This makes a two month decline of 16%Banking IndustryMore banks have failed in the last couple months than in all of 2008As of Sept. 23 2009 119 banks and counting have failed

7. Banking Failures

8. Automotive IndustryGM Started in 1908Founded in 1902 by William Durrant$90.4 Billion in U.S. tax payer money was used for the bailout

10. Unemployment Rates form August 2008 & August 200920082009Alabama 5.2% 10.4%California 7.6% 12.2%District of Columbia 7.2% 11.1%Kentucky 6.7% 11.1%Michigan 8.6% 15.2%Montana 4.6% 6.6%