The Great Recession of 2008 (1 déc. 2007 – 1 juin 2009)
Description:
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.Ajouté au bande de temps:
Date:
1 déc. 2007
1 juin 2009
~ 1 years and 6 months