Two difficult periods for the auto industry, the Great Depression of the 1930s and the recent Great Recession, offer some real-world examples of how auto industry health is related to the rest of the economy.
Even though it will be some time before the full impact of the most recent economic recession is realized, it appears to already have had a significant impact on poverty in the United States.
You may also find some money saving inspiration in the tale of Steve and Annette Economides, nicknamed America's Cheapest Family for their commitment to living a frugal lifestyle that minimizes the impact of an economic recession.
In fact, both China and South America are expected to gain a 50 percent share in manufacturing in the years to come.Due to the worldwide recession, most auto manufacturers are producing vehicles on the same platform.
In response to the recession that hit the United States in late 2007, President Obama put into practice both an increase in the length of time people could receive unemployment benefits and a COBRA stimulus package.