21st Century Timeline

Great Recession

Period: Jan 1, 2007 to Jan 1, 2009

caused by the housing market crash risky loans

Collapse of Housing Market

Period: Jan 1, 2008 to Dec 31, 2008

Government Bailouts (TARP)

American Recovery and Reinvestment Act

Period: Jan 1, 2009 to Dec 31, 2009

stimulus

Unemployment remains high

Period: Jan 1, 2010 to Dec 28, 2010

above 9%

Steady economic growth

Period: Jan 1, 2015 to Dec 31, 2018

low unemployment

Covid

Period: Jan 1, 2020 to Dec 30, 2020

COVID-19 pandemic causes economic shutdown; CARES Act (stimulus checks)

Unemployment during Covid

Period: Jan 1, 2020 to Dec 27, 2020

Unemployment spikes to over 14% in April; major stock market drop in March