2007 – 2013

Crisis years : what we have learned so far ?

Month: February 2017

The 2008 financial crisis was the worst economic disaster since the Great Depression of 1929 which occurred despite efforts to prevent the U.S banking system from collapsing. It led to the great recession where housing prices fell 31.8% more than during the depression. Even two years after the recession ended unemployment was still above 9%.