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    Great Recession: What It Was and What Caused It - Investopedia

    • The Great Recession was the sharp decline in economic activity that started in 2007 and lasted several years, spilling into global economies. It is considered the most significant downturn since the Great De… See more

    Understanding The Great Recession

    The term “Great Recession” is a play on the term “Great Depression” of the 1930s, when gross domestic product (GDP) declined more than 10% and unemploymenthit 25%. While no e… See more

    Investopedia
    Causes of The Great Recession

    According to a 2011 report by the Financial Crisis Inquiry Commission, the Great Recession was avoidable. The appointees, which included six Democrats and four Republican… See more

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    Origins and Consequences

    The 2001 dotcom bubble implosion, followed by the terrorist attacks of Sept. 11, 2001, hammered the U.S. economy. The Fed responded by cutting interest rates to the lowest l… See more

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    The Great Recession and Its Aftermath - Federal Reserve History
    Federal Reserve History
    What happens during a recession?
    During a recession, companies fold, people lose their jobs, and manufacturing output declines on lower demand. The recession of 2007–2009, however, is known as the Great Recession, with “great” being defined as “large,” and not “excellent,” because it lasted longer than other recessions and had widespread global effects.
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