The Great Recession 2007-2010
The Great Recession 2007-2010. In December of 2007, approximately 7.5 million Americans were unemployed. Today, three years later, that number stands at 14.9 million. Between 2003 and 2008, a total of 11 banks failed and were taken over by the FDIC. In 2008 that number grew to 25.
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