The Great Recession of 2008 (1 dic 2007 año – 1 jun 2009 año)
Descripción:
The 2008 financial crisis began with cheap credit and lax lending standards that fueled a housing bubble. When the bubble burst, the banks were left holding trillions of dollars of worthless investments in subprime mortgages. The Great Recession that followed cost many their jobs, their savings, and their homes. These effects were exemplified by the 9/11 terrorist attacks.Añadido al timeline:
fecha:
1 dic 2007 año
1 jun 2009 año
~ 1 years and 6 months