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 …

Apr 30, 2025 · The Great Recession was a severe and global economic downturn from 2007 to 2009 that was triggered primarily by the collapse of the U.S. housing market and the resulting financial crisis.

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.

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 …

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, …

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 …

The Great Recession began in December 2007 and ended in June 2009, which makes it the longest recession since World War II. Beyond its duration, the Great Recession was notably severe in …

The 2008 financial crisis had profound long-term consequences on both global and national economies. In the short term, the collapse led to a severe recession, characterized by declining GDP, soaring …

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.