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

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