What financial crisis happened in 2013?

What financial crisis happened in 2013?

Recession in the UK Over that period hundreds of thousands of businesses shut down and more than a million people lost their jobs. The fall in the UK’s GDP was greater than any other since the Great Depression of the 1930s, and at the start of 2013 was over three per cent below its 2008 peak.

Was there a financial crisis in 2012?

At the end of 2012, the U.S. debt was $16.05 trillion. That made the debt-to-GDP ratio 100%, higher than at any time since World War II. 23 Debt was driven by government spending and reduced revenue from taxes, thanks to slow economic growth. The Fiscal Year 2012 budget deficit was $1.077 trillion.

What can we learn from the 2008 financial crisis?

Interest rates are much lower than in 2008; even future increases are not likely to topple the market. While lending standards have tightened, at least for homebuyers, risky lending has not been completely eliminated: it still runs rampant for car loans and short-term cash loans.

When did the government give Chrysler another loan?

Twenty-five years later, however, plummeting sales and a deepening global financial crisis landed Chrysler in trouble again, and in early 2009 the company received another $4 billion in federal funds.

Why did Chrysler go out of business in 1973?

After decades of expansion, the company’s success came to a screeching halt after the 1973 oil crisis led to skyrocketing gas costs and new government standards for emissions.

When did the debt ceiling crisis start in 2013?

After the passing in early January 2013 of the American Taxpayer Relief Act of 2012 to avert the projected fiscal cliff, political attention shifted to the debt ceiling.

Why was the US government shut down in 2013?

However, the bill was not voted on by the House or Senate due to some members of the House Republican caucus believing that the bill did not make deep enough spending cuts to be worthy of Republican support. The US Government went into a partial shutdown on October 1, 2013, with about 800,000 Federal employees being put on temporary leave.