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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

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2007- 2009

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  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

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