When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or …

Dec 23, 2025 · Learn what the Great Recession was, the key factors that caused it, how it affected markets and jobs, and the lessons learned from the global financial crisis.

Great Recession, economic recession that was precipitated in the United States by the financial crisis of 2007–08 and quickly spread to other countries. Beginning in late 2007 and lasting until mid-2009, it …

In 2007, losses on mortgage-related financial assets began to cause strains in global financial markets, and in December 2007 the US economy entered a recession. That year several large financial firms …

Dec 4, 2017 · The Great Recession was a global economic downturn that devastated world financial markets as well as the banking and real estate industries.

The crisis exacerbated the Great Recession, a global recession that began in mid-2007, as well as the United States bear market of 2007–2009. It was also a contributor to the 2008–2011 Icelandic …

Mar 3, 2025 · Triggered by the collapse of mortgage-backed securities and poor lending practices, the crisis led to a severe recession in the U.S. and widespread economic downturn worldwide, …

Oct 22, 2025 · Over 8.8 million jobs were lost in the U.S. alone, global GDP contracted by 2.1% in 2009, and entire industries were redefined by the shockwaves.

Apr 24, 2022 · The seeds of the Great Recession started in 2006 when housing prices began to fall. Here's an explanation of causes, effects, and solutions.

Nov 25, 2025 · Learn more about the causes, the events, and the aftermath of the 2007–2008 financial crisis and the Great Recession that followed.