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Minding Your Money

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Financial Interactives

Consumer confidence is low, and Wall Street is in a state of flux. Find out how the recent economic crisis started and how it's having an impact over the world.


Financial Crisis Timeline
Financial Crisis: A timeline chronicles the current financial crisis.
Wall Street Meltdown
Wall Street Meltdown: Take a look at the reshaping the financial landscape.

Global Impact
Global Impact: The global impact of the financial crisis.
Financial Crisis History
Financial Crises: From the Depression to today.

The Great Depression

  • Black Thursday: October 24, 1929, when 16 million shares of stock were quickly sold by panicked investors. The following Tuesday, the stock market collapsed completely.

  • Banks: Between 1929 and 1934, 9,812 banks collapsed; the worst year was 1933 when 4,000 banks suspended operations.

  • Dow Jones: The average high in the decade of the 1920s was 100; the low was 67. On July 8, 1932, the market dropped to 41.22. Stock market fell 80 percent between 1930 and 1933.

  • Average Annual Earnings: In the 1920s, the average was $1,236; in the 1930s, it was $1,368. Wages fell 42.5 percent between 1929 and 1933.

  • Unemployment: In 1929, the jobless rate was 3.2%; it peaked at 24.9% in 1993, when 11.4 million people were out of work. The rate was 17.2% in 1939.

  • Food Spending: Americans spent $19.5 billion on food in 1929; the figure fell to $11.5 billion in 1933.

  • The New Deal: President Franklin D. Roosevelt's programs included the Works Progress Administration, which gave jobs to thousands of unemployed in everything from construction to the arts.

  • Social Security: President Franklin Roosevelt signed the Social Security Act into law in 1935, assuring retired workers age 65 and older of a steady income.


U.S. Business Bankruptcies

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