The Great Recession

By 119116

  • The Recession Begins

    The Recession Begins

  • Bear Stearns Bank Collapses

    Bear Stearns Bank Collapses

  • 80,000 Jobs are Cut

    80,000 Jobs are Cut

  • Unemployment Rate Rises to 6%

    Unemployment Rate Rises to 6%

  • US Treasury takes over the two mortgage buyers

    US Treasury takes over the two mortgage buyers

  • Bush's $700 billion bailout

    Bush's $700 billion bailout

  • Troubled Asset Relief Program gives the government a chance

    Troubled Asset Relief Program gives the government a chance

  • US Senate passes the $700 billion Bank Bailout Bill

    US Senate passes the $700 billion Bank Bailout Bill

  • Unemployment rises to 6.5%, 1.2 million jobs lost for the year

    Unemployment rises to 6.5%, 1.2 million jobs lost for the year

  • 11.1 Million are Unemployed in the US

    11.1 Million are Unemployed in the US

  • Congress passes the American Recovery and Reinvestment Act

    Congress passes the American Recovery and Reinvestment Act

  • Official End of the Recession

    Official End of the Recession

  • Weakness in the Job Market

    Weakness in the Job Market

  • Unemployment goes to 8.9% has the economy finally turned the corner?

    Unemployment goes to 8.9% has the economy finally turned the corner?

  • How will the country pay back its debt?

    How will the country pay back its debt?

  • With no new jobs President Obama makes a speech with a plan to jumpstart the economy

    With no new jobs President Obama makes a speech with a plan to jumpstart the economy

  • Americans have collected $434 billion in unemployment benefits

    Americans have collected $434 billion in unemployment benefits