ECONOMIC
- Oil prices went up to $100 a barrel compared to $50 a barrel the previous year
- Unemployment rate was around 4.6%, but increased to 5% in the last quarter
- December 2007 is said to be the time the Great Recession began
![Picture](/uploads/2/0/4/7/20479208/6885233.png?354)
- New Home Concstruction fell 16%
- New Home sales dropped 23.3%
- Existing home sales went down 19%
- Foreclosures shot up in most states
Top ten corporations (FORTUNE 500):
- Wal-Mart Stores- Revenue: $351,139.0
- Exxon Mobil- Revenue: $347,254.0
- General Motors- Revenue: $207,349.0
- Chevron- Revenue: $200,567.0
- ConocoPhillips- Revenue: $172,451.0
- General Electric- Revenue: $168,307.0
- Ford Motor- Revenue: $160,777.0
- Citigroup- Revenue: $146,777.0
- Bank of America Corp.- Revenue: $117,017.0
- American Intl. Corp.- Revenue: $113,194.0