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 …

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 …

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 …

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 2008 financial crisis, also known as the global financial crisis (GFC) or the Panic of 2008, was a major worldwide financial crisis centered in the United States.

The Financial Crisis of 2008 was a significant global economic downturn that originated in the U.S. housing market around mid-2007. After a prolonged period of escalating housing prices, …

financial crisis of 2007–08, severe contraction of liquidity in global financial markets that originated in the United States as a result of the collapse of the U.S. housing market.

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.

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, …