us 2008 recession timeline


What caused the recession of 08?

What Was the Cause of the 2008 Financial Crisis? Several interrelated factors were at work. First, low-interest rates and low lending standards fueled a housing price bubble and encouraged millions...

When was the last time the US had a recession?

Prior to the 2007-09 recession, the 1981-82 recession was the worst economic downturn in the United States since the Great Depression. Indeed, the nearly 11 percent unemployment rate reached late in 1982 remains the apex of the post-World War II era (Federal Reserve Bank of St. Louis).

How bad was the Great Recession?

The Great Depression: The Worst Economic Recession in History The Great Depression was one ... after the war non-industrial workers such as farmers were struggling to make a profit due to bad soil. Later, during the 1920s a new thing known as credit ...

Why did Great Recession happen?

They sold too many bad mortgages to keep the supply of derivatives flowing. That was the underlying cause of the recession. This financial catastrophe quickly spilled out of the confines of the housing scene and spread throughout the banking industry, bringing down financial behemoths with it.

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