A Time Of Downfall
- 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
- 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%
- 11. Unemployment Rates Without Recovery act, and Projected Actual
- 13. CitationsWallstreetjournal.comWiki.answers.com/Q/what year did general motors start Google.comCNN.comGoogleimages.comCSNBC.com http://www.swamppolitics.com/news/politics/blog/obama%20with%20mic%20jan%2018%202008.jpghttp://juicyestates.com/files/2009/01/foreclosure-for-sale-sign-with-house-drop.jpghttp://www.fdic.gov/about/strategic/corporate/cfo_report_4qtr_08/image/bank_failures_by_state.gifhttp://www.bloggingstocks.com/2009/04/13/77-billion-more-to-bail-out-bankrupt-gm/