Search results
Dec 18, 2023 · The Great Recession refers to the economic downturn from 2007 to 2009 after the bursting of the U.S. housing bubble and the global financial crisis. The Great Recession was the most severe...
Dec 4, 2017 · Causes of the Recession. Here's What Caused the Great Recession. The Great Recession—sometimes referred to as the 2008 Recession—in the United States and Western Europe has been...
Apr 26, 2024 · Great Recession, economic recession that was precipitated in the United States by the financial crisis of 2007–08 and quickly spread to other countries. Beginning in late 2007 and lasting until mid-2009, it was the longest and deepest economic downturn in many countries, including the United States, since the Great Depression (1929– c. 1939).
The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012.
Sep 19, 2018 · The Great Recession devastated local labor markets and the national economy. Ten years later, Berkeley researchers are finding many of the same red flags blamed for the crisis: banks making subprime loans and trading risky securities. Congress just voted to scale back many Dodd-Frank provisions.
Causes of the Great Recession. The Federal Reserve raised the Federal funds rate causing an Inverted yield curve, to slow inflation and get housing prices and commodity prices down, that usually puts the economy into a recession. 30 year mortgage average. 30 Year Treasury Bond. 10 Year Treasury Bond. 2 Year Treasury Bond. 3 month Treasury Bond.
Overview. The Great Recession of 2007-2009 was the worst global economic crisis since the Great Depression in the 1930s. The recession resulted from a combination of tax cuts, spending increases, and the devastating effects of a banking crisis in the subprime mortgage market.
