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Read on to learn how the explosive growth of the subprime mortgage market, which began in 1999, played a significant role in setting the stage for the turmoil that would unfold just nine years...
The 2007–2008 financial crisis, or the global financial crisis (GFC), was the most severe worldwide economic crisis since the Great Depression.
The timeline below explains exactly how the 2008 stock market crash happened, with an overview of the causes, important dates, and lingering effects.
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.
Few investors suspected that the worst crisis in nearly eight decades was about to engulf the global financial system, bringing Wall Street's giants to their knees and...
From a 17th‑century Dutch tulip craze to the infamous 1929 stock market crash, learn the stories behind six historical booms that eventually went bust.
What Was the 2008 Great Recession? The Great Recession was the sharp decline in economic activity that started in 2007 and lasted several years, spilling into global economies. It is...
Ten years ago this week, the collapse of Lehman Brothers became the signal event of the 2008 financial crisis. Its effects and the recession that followed, on income, wealth, disparity and...
The 2008 financial crisis was a significant and impactful financial crisis faced by the world owing to the U.S. housing market crash. Individuals must know about it in detail to understand its causes, effects, and what not to do to avoid a similar situation again.
The 2008 crash was the greatest jolt to the global financial system in almost a century – it pushed the world's banking system towards the edge of collapse. We explore the causes and consequences of the crash, consider its historical parallels, and ask – how will history remember the crisis?