financial crisis - america
TRANSCRIPT
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The Aftermath of the 2007 Financial Crisis (America)
Bradley Gavin, Samuel Dickson, Piravinth Kumar, Pantelis Charalampous and Mark Drummond.
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What is a recession?
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So what were some of the causes?
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Causes
Interest Rates
9/11
Low Interest
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Causes
Sub-prime mortgages
The Housing Market
Foreclosures
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Foreclosure Map• Las Vegas was
the worst hit state in terms of foreclosures.
Datapointed, 2010. Rough Around the Edges
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Causes
Economic activity slowed.
Credit and confidence.
Bailouts.
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Global Recession Timeline – USA & UK
(BBC News 2007, Global recession timeline)
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Worldwide Effects
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Worldwide impact.
Europe and Asia.Business.
Japan and China.GDP
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The Effects it had on America…
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Effects on America
Pre-crisis global GDP.Unemployment
Crime rates.People
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Effects on America
US exports.
Inflation
Banks
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What did the government do?
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What did the government do?
Stabilisation of the banking system.
‘The poor pay less’
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What did the government do?
Affordable insurance.
Support
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The Current Situation
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The Current Situation
DOW Jones
Tax Cuts
Budget deficit.
GDP
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The Current Situation
Obama
Apple
Estimated debt share
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The Current Situation
The below link is a real time US National debt clock.
US Debt Clock
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Group View
Group made video.
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Any Questions?