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By March 9, 2009, the Dow had fallen to 6,500, a percentage decline exceeding the pace of the market's fall during the Great Depression and a level which the index had last seen in 1997. On March 10, 2009, a countertrend bear market rally began, taking the Dow up to 8,500 by May 6, 2009. Financial stocks were up more than 150% during this rally.
The number of countries in recession was 25 in Q2 2008, 39 in Q3 2008 and 53 in Q4 2008. At the steepest part of the Great Recession in Q1 2009, a total of 59 out of 71 countries were simultaneously in recession. The number of countries in recession was 37 in Q2 2009, 13 in Q3 2009 and 11 in Q4 2009.
Events from the year 2009 in the United States. The inauguration of Barack Obama as the president , occurred on January 20. The nation, still recovering from the Great Recession , received various economic stimuli through the American Recovery and Reinvestment Act of 2009 and similar legislation, which most notably gave Americans tax credits .
March 3, 2009: President Obama stated that "Buying stocks is a potentially good deal if you've got a long-term perspective on it". [186] March 6, 2009: The Dow Jones hit its lowest level of 6,469.95, a drop of 54% from its peak of 14,164 on October 9, 2007, over a span of 17 months, before beginning to recover. [187]
The Taxpayer March on Washington (also known as the 9/12 Tea Party) was a Tea Party protest march from Freedom Plaza to the United States Capitol held on September 12, 2009, in Washington, D.C. [1] [2] The event coincided with similar protests organized in various cities across the nation. [3]
The Great Divergence is a term given to a period, starting in the late 1970s, during which income differences drastically increased in the United States and, to a lesser extent, in other countries.
AOL Mail gives you the personalized mail experience you've always wanted. Learn how to update your settings to make AOL Mail look and feel exactly how you need it. Netscape Internet Service (ISP) · Jan 30, 2024
The following is a timeline of the presidency of Barack Obama from his inauguration as the 44th president of the United States on January 20, 2009, to December 31, 2009. For his time as president-elect, see the presidential transition of Barack Obama; for a detailed account of his first months in office, see first 100 days of the Barack Obama presidency; for a complete itinerary of his travels ...