1 / 10

2007- 2009

2007- 2009. By: Leilani K.F, Chantelle Cho and Tiffany Trantham. What caused to weaken the economy in the year 2007-2009??. Over extended consumer credit Mortgages Unemployment. Places that were affected the most by the weak economy??. Companies

salali
Download Presentation

2007- 2009

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 2007- 2009 By: Leilani K.F, Chantelle Cho and Tiffany Trantham

  2. What caused to weaken the economy in the year 2007-2009?? • Over extended consumer credit • Mortgages • Unemployment

  3. Places that were affected the most by the weak economy?? • Companies Ex. Bear Stearns, AIG, Lehman Brothers, GM and Country Wide

  4. How the weak economy during 2007- 2009 affected the people who was living during that time. -Not as busy at work (Worked in a restaurant) -Special parties went down by 2/3-Had to be creative with making meals Going out to eat cost more -Couldn't afford to live in own place, had to live with familyINTERVIEWED MOM

  5. How did the economy affect people’s lives? • High gas prices • Americans were forced to slow down on sharp spending • Consumer spending on long-lasting manufactured goods fell • Employers pulled back on hiring • Those who have jobs= little gain in income

  6. What broke the cycle and helped make our economy stronger? • The drop in government spending • Interest rates were cut • Employment and earning power • Gradually whittling down debt burdens

  7. GDP 2007 - 2009

  8. INFLATION 2007 - 2009

  9. UNEMPLOYMENT 2007 - 2009

  10. Work cited • http://www.soxfirst.com/wp-content/uploads/creditcards.jpg • http://www.historians.org/projects/giroundtable/Borrow/Borrow3.htm • http://247wallst.com/2010/09/09/the-13-worst-recessions-depressions-and-panics-in-american-history/ • http://dragonartz.files.wordpress.com/2010/02/graphics-house-dollar-balance-prev-by-dragonart-495x495.jpg?w=495&h=495 • http://www.densho.org/assets/images/2004Golf-Logo-bearstearns.gif • http://4.bp.blogspot.com/-qow6vyYud54/TggFNunyIhI/AAAAAAAAAGE/b4zGMob9omo/s1600/AIG+insurance+logo.jpg • http://www.businessweek.com/careers/managementiq/archives/lehman.jpg • http://www.google.com/publicdata/explore?ds=z1ebjpgk2654c1_&ctype=l&strail=false&bcs=d&nselm=h&met_y=unemployment_rate#ctype=l&strail=false&bcs=d&nselm=h&met_y=unemployment_rate&fdim_y=seasonality:S&scale_y=lin&ind_y=false&rdim=state&ifdim=state&tdim=true&tstart=-8949600000&tend=1313748000000&hl=en&dl=en • http://www.google.com/publicdata/explore?ds=k3s92bru78li6_&ctype=l&strail=false&bcs=d&nselm=h&met_y=pcpipch#ctype=l&strail=false&bcs=d&nselm=h&met_y=pcpipch&scale_y=lin&ind_y=false&rdim=country_group&idim=country:US&ifdim=country_group:parent:&hl=en&dl=en • http://www.google.com/publicdata/explore?ds=k3s92bru78li6_&ctype=l&strail=false&bcs=d&nselm=h&met_y=pcpipch#ctype=l&strail=false&bcs=d&nselm=h&met_y=pcpipch&scale_y=lin&ind_y=false&rdim=country_group&idim=country:US&ifdim=country_group:parent:&hl=en&dl=en • http://0.tqn.com/d/politicalhumor/1/0/X/R/gasprices.jpg

More Related