Great Recession (1 déc. 2007 – 1 juin 2009)
Description:
The first signs of the Great Recession started in 2006 when housing prices began falling. By August 2007, the Federal Reserve responded to the subprime mortgage crisis by adding $24 billion in liquidity to the banking system. By September 2008, Congress approved a $700 billion bank bailout, now known as the Troubled Asset Relief Program. By March 2009, Obama proposed the $787 billion economic stimulus package. His move to create an economic stimulus ended a global depression.Ajouté au bande de temps:
Date:
1 déc. 2007
1 juin 2009
~ 1 years and 6 months
