Between 2007 and 2009, the United States experienced a severe financial crisis and economic downturn commonly known as the Great Recession.
Between 2007 and 2009, the United States experienced a severe financial crisis and economic downturn commonly known as the Great Recession. Starting in 2006, housing values fell 30%, causing losses in mortgage-backed securities for families and financial institutions. The recession was marked by a drop in aggregate demand that caused a decline in GDP and … Read more