The 2008 financial crisis, also known as the global financial crisis, was a major worldwide economic crisis, centered in the United States, which triggered the Great Recession of late …

Aug 25, 2024 · The 2008 financial crisis began with cheap credit and lax lending standards that fueled a housing price bubble. The low-quality loans were packaged and resold to financial …

Mar 16, 2025 · During the Great Recession, U.S. GDP declined by 0.3% in 2008 and 2.8% in 2009, while unemployment briefly reached 10%. The term “Great Recession” applies to both …

The financial crisis of 2007–08 was a severe contraction of liquidity in global financial markets that originated in the United States as a result of the collapse of the U.S. housing market. It …

Sep 26, 2024 · The 2008 financial crisis stands as one of the most significant economic downturns since the Great Depression. It reshaped global economies, altered financial …

Sep 14, 2018 · Learn how the Great Recession affected the economy and how it differed from the Great Depression of the 1930s. In mid-September catastrophe erupted, dramatically and in full …

Dec 4, 2017 · What were the key moments in the Great Recession, the most significant economic downturn since the Great Depression of the 1920s and 1930s? Here are some of the most …

Jun 1, 2022 · Since the crisis was financial in nature, the primary effect was a freeze in borrowing activity. Due to the instability in the market, asset prices (home value, company equity) …

Mar 21, 2025 · Ultimately September 2008, with the bankruptcy of Lehman Brothers, the country’s fourth-largest investment bank, marked the climax of the subprime mortgage crisis, as …

May 26, 2024 · At its core, the crisis was caused by a toxic combination of deregulation, excessive risk-taking, lax lending standards, and the bursting of a massive housing bubble. …