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Trade: The Great Recession
The Great Recession started in 2007, and it lasted until June 2009. It resulted in large cutbacks in consumer spending, and triggered a collaspe in business investments. http://stateofworkingamerica.org/great-recession/ Hyperlink for picture: http://www.google.com/search?q=gas+prices&biw=1280&bih=689&source=lnms&tbm=isch&sa=X&ei=UwQPVLr1EtiRgwTTmoHwBA&sqi=2&pjf=1&ved=0CAgQ_AUoAw&safe=active#safe=active&tbm=isch&q=great+recession+cartoon&spell=1&facrc=_&imgdii=_&imgrc=3UspgjMMfTS78M%253A%3BLid -
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Savings: Percentage of Savings
In 2007, our percentage of savings was 2.6% and today it is 5.3%. The lowest in history was .80%. http://www.tradingeconomics.com/united-states/personal-savings Hyperlink for picture: http://www.google.com/search?q=gas+prices&biw=1280&bih=689&source=lnms&tbm=isch&sa=X&ei=UwQPVLr1EtiRgwTTmoHwBA&sqi=2&pjf=1&ved=0CAgQ_AUoAw&safe=active#safe=active&tbm=isch&q=savings&facrc=_&imgdii=_&imgrc=zrwdSXDSGa-7iM%253A%3Bir1USBPZKU_lYM%3Bhttp%253A%252F%252Fkatysong.com%252Fwp-content%252Fuploads%252F2012%252 -
Budget: Federal Open Market Comittee
In June 28, 2007 the Federal Open Market Comittee voting on the federal fund rates. The Comittee voted to keep the federal fund rates at 5.75%. http://timeline.stlouisfed.org/index.cfm?p=timeline# Hyperlink to find our picture: http://www.google.com/search?q=gas+prices&biw=1280&bih=689&source=lnms&tbm=isch&sa=X&ei=UwQPVLr1EtiRgwTTmoHwBA&sqi=2&pjf=1&ved=0CAgQ_AUoAw&safe=active#safe=active&tbm=isch&q=federal+rates+cartoon&facrc=_&imgdii=_&imgrc=w0KF-cOQjXgJUM%253A%3ByXXJBbbBazzcjM%3Bhttp%253A%25 -
Trade: Inflation
In 2008, the highest ever weekly average price was $4.11. Adjusted for inflation that would be $4.35 in today’s dollars.
http://abcnews.go.com/blogs/business/2012/03/gas-prices-reach-record-high-again/ Hyperlink for picture: http://www.google.com/search?q=gas+prices&biw=1280&bih=689&source=lnms&tbm=isch&sa=X&ei=UwQPVLr1EtiRgwTTmoHwBA&sqi=2&pjf=1&ved=0CAgQ_AUoAw&safe=active#safe=active&tbm=isch&q=gas+prices+cartoon&spell=1&facrc=_&imgdii=_&imgrc=yoydS1PBfGh5bM%253A%3BVCGtPq1eid_cnM%3Bhttp%253A% -
Budget: Emergency Economic Stabilization Act of 2008
The following is a video. Please stop it at 2:20. https://www.youtube.com/watch?v=WOxXLTOSxEA&list=PLSlbT-fvk4xs7WXwQBtuAYb48sHfAGPGS -
Leadership: President Obama Elected
President Barack Obama was elected President. He was inaugurated on January 20th, 2009. http://www.whitehouse.gov/administration/president-obama -
Leadership: Who Controls What?
In 2010, the Republicans took control of the House of Representatives. Though the Democrats lost the House, they did get control of the Senate. http://www.huffingtonpost.com/2012/12/27/fiscal-cliff-2013_n_2372034.html -
Trade: Trade Deficit
The trade deficit was 539.514 billion dollars in 2012. Exports started gaining on imports, which resulted in an increase in the economy. http://useconomy.about.com/od/tradepolicy/p/Trade_Deficit.htm
