The Sub-Prime Mortgage Crisis (1 déc. 2007 – 1 janv. 2010)
Description:
A nationwide financial crisis triggered by the decline of house prices after the collapse of the housing bubble. Two causes were a rise in subprime lending and and increase in housing speculation. Caused the US to enter a recession and lose approximately 9 million jobs during 2008 and 2009.Ajouté au bande de temps:
Date:
1 déc. 2007
1 janv. 2010
~ 2 years
