Barack Obama's first challenge, even before he was inaugurated as president in 2009, was the collapse of the American financial system.

Name: Barack Obama's first challenge, even before he was inaugurated as president in 2009, was the collapse of the American financial system.
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The American financial system faced a significant crisis in 2008, leading to the Great Recession, which was a major challenge for Barack Obama as he prepared to take office in January 2009.

Barack Obama's First Challenge, Even Before He Was Inaugurated as President