The Aftermath of the 2007 Financial Crisis (America)

Bradley Gavin, Samuel Dickson, Piravinth Kumar, Pantelis Charalampous and Mark Drummond.

What is a recession?

So what were some of the causes?

Causes

Interest Rates

9/11

Low Interest

Causes

Sub-prime mortgages

The Housing Market

Foreclosures

Foreclosure Map• Las Vegas was

the worst hit state in terms of foreclosures.

Datapointed, 2010. Rough Around the Edges

Causes

Economic activity slowed.

Credit and confidence.

Bailouts.

Global Recession Timeline – USA & UK

(BBC News 2007, Global recession timeline)

Worldwide Effects

Worldwide impact.

Europe and Asia.Business.

Japan and China.GDP

The Effects it had on America…

Effects on America

Pre-crisis global GDP.Unemployment

Crime rates.People

Effects on America

US exports.

Inflation

Banks

What did the government do?

What did the government do?

Stabilisation of the banking system.

‘The poor pay less’

What did the government do?

Affordable insurance.

Support

The Current Situation

The Current Situation

DOW Jones

Tax Cuts

Budget deficit.

GDP

The Current Situation

Obama

Apple

Estimated debt share

The Current Situation

The below link is a real time US National debt clock.

US Debt Clock

Group View

Group made video.

Any Questions?