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All time high of $14,166.40. This only took 18 months while The Great Depression took over three years.
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The economy faced the most dangerous crisis since The Great Depression. Effected the American housing market greatly. U.S. lost nearly two million jobs.
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The stock market fell more than 50% to 6,594.44.
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New healthcare program passed by Obama. The law is enacted to make sure all Americans have access to affordable health insurance.
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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.
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Detroit filed for bankruptcy. Detroit becomes the largest municipal bankruptcy in U.S. history.
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17.7 trillion Dollars
-to pay off, every citizen must pay 55610. if only taxpayers would pay 152084
-TOTAL US DEBT: 61.6 TRILLION
