The Economic Situation (Edexcel A-Level History): Quizzes

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The Economic Situation
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What percent of voters identified the economy as their primary concern in the 2008 election?

60 percent

Who declared the 2008 crisis the worst economic crisis the USA had faced since WWII?

Alan Greenspan

What was significant about the Lehman Brothers bankruptcy in September 2008?

Largest bankruptcy filing in US history

How much did the federal government loan to AIG as emergency funds in 2008?

$85 billion

What was the lowest GDP contraction during the 2008 recession?

-3.8 percent

What unemployment rate did the United States reach during the 2008 economic crisis?

10 percent

What dramatic action did John McCain take in September 2008?

Suspended his campaign

What was the title of the book Obama published in 2008 outlining his plans?

Change We Can Believe In

Which multi-billionaire investor endorsed Obama, saying he had the right vision for America?

Warren Buffett

What were Obama and McCain's poll ratings in early September before the crisis deepened?

Both at 46 percent

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