18h 18min, jan 1, 2009 y - America Responds to a Deep Recession
click to learn more
Description:
The American recession of 2008 -2009, the worst economy since the Great Depression, was a financial crisis brought on by mortgage foreclosures due to bad sub-prime loans, and it caused high unemployment, the failure of financial institutions and a stock market crash, while at the same time the U.S. government sought to help the recession by passing a stimulus package and the Troubled Asset Relief Program, TARP, recommended by Secretary of the Treasury, Hank Paulson.
Added to timeline:
For history teacher
here you go
Date: