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Economic Timeline 2007-2014
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Dow Jones Industrial Average
All time high of $14,166.40. This only took 18 months while The Great Depression took over three years. -
2008 Finacial Crisis
The economy faced the most dangerous crisis since The Great Depression. Effected the American housing market greatly. U.S. lost nearly two million jobs. -
Obama's Inaguration
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Dow Jones Stock Market Crash
The stock market fell more than 50% to 6,594.44. -
Obamacare
New healthcare program passed by Obama. The law is enacted to make sure all Americans have access to affordable health insurance. -
Automotive Industry Crisis 2008-2010
The crisis in the United States is mainly defined by the government rescue of both General Motors and Chrysler. Part of a global financial downturn, but mostly felt in the U.S. Automotive Industry. Linked to the increase of automative fuels. -
Detroit Bankruptcy
Detroit filed for bankruptcy. Detroit becomes the largest municipal bankruptcy in U.S. history. -
Current Government Debt
17.7 trillion Dollars
-to pay off, every citizen must pay 55610. if only taxpayers would pay 152084
-TOTAL US DEBT: 61.6 TRILLION
