At the Chicago Mercantile Exchange, traders watch the open outcry in the S&P 500 pit during a period when markets routinely swung up or down over 100 points a day.

Best Photos of the Year, 2008: The American Economy: Down and Out

TIME Photographer Anthony Suau wins the prestigious World Press Photo of the Year Award for an image of a family being evicted from their Cleveland home. The picture was part of his essay on the fallout from the financial meltdown

Tough Times in Cleveland

Email

Around the Web

Most Dangerous Neighborhoods: Detroit Home To 3 Most Violent Areas In America (SLIDESHOW) From THE HUFFINGTON POST
Farrah Abraham Porn Photos Leak: Former 'Teen Mom' Star Defends Selling Sex Tape (NSFW PHOTOS, VIDEO) From THE HUFFINGTON POST
Another “Journalist Bait” Study Was Probably Faked From SLATE
The Daily Currant Strikes Again, Dupes Drudge From SLATE

More Photos

Wildfires Ravage California Coast

Bangladesh's Industrial Accident: Scenes From a Terrifying Tragedy

The Empire State Building: An Icon in the City

Chaos and Killing in Syria: Photos of a Slow-Motion Civil War

Rare Photos for Willie Nelson's 80th

Person of the Year 2012: Barack Obama

TIME's 2012 Top 10 Everything in Arts & Entertainment

The Best Inventions of the Year 2012

The 2012 TIME 100