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Banking and Crisis in the Twenty-First Century: 2000–2010

In: Regulation and Instability in U.S. Commercial Banking

Author

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  • Jill M. Hendrickson

    (University of St Thomas)

Abstract

Most economic indicators show that, at the turn of the new century, the U.S. economy was flourishing. Despite significant challenges, such as the September 2001 terror attack on America, the economy grew. For the first eight and one half years, the unemployment rates were low, generally staying below six percent. RGDP growth was positive through 2007, and consumer prices held relatively steady during the same period. Between the beginning of 2003 and late into 2007, the Dow Jones Industrial Average generally increased, reaching a peak of over 14,000 in October of 2007. Thus, the economy during the first seven or so years of the twenty-first century may be described as healthy.

Suggested Citation

  • Jill M. Hendrickson, 2011. "Banking and Crisis in the Twenty-First Century: 2000–2010," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Regulation and Instability in U.S. Commercial Banking, chapter 7, pages 205-230, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-29513-1_7
    DOI: 10.1057/9780230295131_7
    as

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