As a result of the mayhem on Wall Street and the shenanigans of hedge fund dealers, banks around the country failed. Not only did this look reminiscint of a scene from It's a Wonderful Life, but it also put fear into Americans that their dollars were at risk. Check the following link to the FDIC to see if you recognize any of the banks on their "Failed Bank List".
National Public Radio RSS feed covering the Wall Street shakedown and ongoing events related to the financial crisis. The link to the website also has interesting information about the crisis.
After credit dried up, buiness and industry began to react to the shrinking economy by cutting back on the number of employees. The U.S. Department of Labor and Statisitics provided the data for this video feed depicting unemployment from the fallout of the crisis.
For everything you ever wanted to learn about employment:
The U.S. Bureau of Labor Statistics has been tracking the value of the dollar since 1913. The following link is an inflation calculator that can compare the value of the dollar across decades or between years.
Did you know that the FDIC insures all deposits at banks for up to $250,000 per depositor?
How did the crisis effect your household?
