1

THE COLLAPSE
A Photo Essay of the Economic Crash | Sam Martin | January, 2009

New York, NY -
In a sequence of unforgettable events, the United States stock
market and the United States housing market came crashing down
on our heads. Families have faced foreclosures, job losses, and
financial decisions they never thought they would have to make in
their lives. At the same time, in the same universe, day traders,
hedge fund managers, brokers, and bankers looked on in dismay as
things just kept getting worse.

The impact was

immediate as
American’s were
laid off. In Detroit,
auto-makers
contemplated
potentially filing
for bankruptcy. In
just a matter of
weeks, over 150
corporations filed
for bankruptcy,
laying off their
employees,
unable to
continue operations. Just seven days ago, one of the largest banks
in the United States fell, as JP Morgan Chase purchased the assets
of Washington Mutual.

1
1
1