With the after-effects of the stock market decline in 2008, the reduction in risky investments and the decline in GDP. This is when the economy began to turn internationally. With declining imports, exports and foreign investment, as well as reduced employment and production, this recession has affected the global economy. In the United States, the unemployment rate also began to skyrocket. Below is a graph showing the unemployment rate in the United States during the 2008 recession. This graph data comes from the Oregon Economic Crisis Analysis. With lower employment rates, the US Federal Reserve needed monetary policy to stimulate the economy. While many people lost their jobs, mainly in the housing sector, the spiral continued in other sectors. Builders and contractors aren't the only ones who have lost their jobs. The housing and development market affects many other markets. Builders also affect the market for plumbing, lumber, furniture, lighting, electrical and suppliers. As builders and developers lose business, go bankrupt and fail to get investments, they have left their suppliers without payments. This caused unemployment in many other sectors of the economy. This led many people to unemployment and the labor market tightened, leading to fewer savings and spending in the U.S. money market. As many unemployed people and the market reached the Great Recession as many economists call it, the Federal Reserve began to step in to try to save the economy and some of the economic crises that were occurring. The Federal Reserve began purchasing many financial assets from troubled banks because of these lenders and suppliers who had loans in the 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://oregonnomicanalysis.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-2008http://www.nytimes.com/2011/01/26/business/economy/26inquiry.htmlhttp://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