With the consequences of the stock market crash in 2008, the reduction of risky investments and the decline in GDP. This is the time when the economy began to transform into an international context. With declines in imports, exports and foreign investment and a reduction in the mix of employment and production, this recession has affected the global economy. The unemployment rate in the United States also began to skyrocket. Below is a graph illustrating the unemployment rate in the United States during the 2008 recession. This graph data comes from Oregon's analysis of the economic crisis. With a lower employment rate, the US Federal Reserve needed monetary policy to stimulate the economy. With many individuals losing their jobs especially in the real estate sector, the spiral continued in other sectors as well. It wasn't just builders and contractors who lost their jobs. The real estate and development market impacts many other markets. Builders also influence the plumbing, wood, furniture, lighting, electricity, and supplier industries. Builders and developers who lost their business, went bankrupt and got no investment, left their suppliers without payments. This caused unemployment in many other sectors of the economy. This resulted in many individuals being out of work and a tightening job market, which led to a decrease in both savings and spending in the U.S. money market. With many unemployed and the market reaching the Great Recession, as many economists call it, the Federal Reserve began to intervene to try to save the economy and some of the economic crises that were occurring. The Federal Reserve started buying a lot of financial assets from banks that were in trouble from these lenders and suppliers who had loans... middle of paper... http://www.economist.com/news /schoolsbrief/21584534- effects-financial-crisis-are-still-being-felt-five-years-articlehttp://spectator.org/articles/42211/true-origins-financial-crisishttp://economix.blogs.nytimes .com/2009/ 02/25/deflation-1929-vs-today/?_php=true&_type=blogs&_r=0http://oregoneconomicanalysis.com/2012/09/24/checking-in-on-financial-crises-recoveries/ http://www .economist.com/news/schoolsbrief/21584534-effects-financial-crisis-are-still-being-felt-five-years-articlehttp://www.britannica.com/EBchecked/topic/1484264/ The-Financial-Crisis -of-2008-Year-In-Review-2008 http://www.nytimes.com/2011/01/26/business/economy/26inquiry.html http://www.nytimes.com/2011/ 01/26 /business/economy/26inquiry.htmlhttp://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%9308#Subprime_lendinghttp://en.wikipedia.org/wiki/Great_Recession