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The Aftermath of the 2007 Financial Crisis (America)
Bradley Gavin, Samuel Dickson, Piravinth Kumar, Pantelis Charalampous and Mark Drummond.
What is a recession?
So what were some of the causes?
Causes
Interest Rates
9/11
Low Interest
Causes
Sub-prime mortgages
The Housing Market
Foreclosures
Foreclosure Map• Las Vegas was
the worst hit state in terms of foreclosures.
Datapointed, 2010. Rough Around the Edges
Causes
Economic activity slowed.
Credit and confidence.
Bailouts.
Global Recession Timeline – USA & UK
(BBC News 2007, Global recession timeline)
Worldwide Effects
Worldwide impact.
Europe and Asia.Business.
Japan and China.GDP
The Effects it had on America…
Effects on America
Pre-crisis global GDP.Unemployment
Crime rates.People
Effects on America
US exports.
Inflation
Banks
What did the government do?
What did the government do?
Stabilisation of the banking system.
‘The poor pay less’
What did the government do?
Affordable insurance.
Support
The Current Situation
The Current Situation
DOW Jones
Tax Cuts
Budget deficit.
GDP
The Current Situation
Obama
Apple
Estimated debt share
The Current Situation
The below link is a real time US National debt clock.
US Debt Clock
Group View
Group made video.
Any Questions?
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