2007-2009 United States Recession Recap.

Introduction

On this third day of our look at the United Financial recession in 2007-2009 we are going to look at what the fallout of the recession was, and what the United States government either did or did not do as a result of it.  The last two days we looked at what lead up to the recession, what the country looked like during the recession and today you will looking into what the aftermath of the recession was.

Task

You will go to the links located in the "process" slide and complete the written task associated with the link.  The written task is expected to be rougly 4-5 sentences using proper spelling and grammar.

Process

Task 1-

Go to the page: https://www.britannica.com/topic/great-recession

Looking at this excerpt from Britannica Online, in one paragraph explain the 2007-2009 Great Recession in your own words.

Task 2-

Watch videos at: 

Watch the videos above and explain what a subprime mortgage is and why did it play a role in the United State Recession.

Task 3-

Looking at the links of:https://www.federalreservehistory.org/essays/great-recession-and-its-aftermath & https://www.federalreservehistory.org/essays/great-recession-of-200709

Explain the aftermath of the recession, who did the recession really effect and was left to blame.  Did those who cause the recession pay the price or did someone else?

Task 4- 

Read the articles on these pages:  https://www.thebalancemoney.com/2009-financial-crisis-bailouts-3305539 & https://www.thebalancemoney.com/the-great-recession-of-2008-explanation-with-dates-4056832

Was there any point in the timeline of the recession that the recession could have been prevented, could anything have been to stop or prevent it?

 

Task 5-

After looking at all of this information, summarize your thoughts on the recession.  This should include the cause, what happened and do you think the results where just?  

Conclusion

At the end of all of this think about ways that we can potentially predict a next recession, what could be we do to prevent another one, and if it happens will the government do enough to protect their citizens.  Should there be more government oversight in finance, less government oversight in finance, total government control in finance, or no government involvement whatsoever?

 

Credits

Encyclopædia Britannica, inc. (2023, March 3). Great recession. Encyclopædia Britannica. Retrieved March 5, 2023, from https://www.britannica.com/topic/great-recession

YouTube. (2018, May 15). Here's what caused the great recession | history. YouTube. Retrieved March 5, 2023, from https://www.youtube.com/watch?v=yM0uonkloXY

YouTube. (2019, April 5). The 2008 financial crisis - 5 minute history lesson. YouTube. Retrieved March 5, 2023, from https://www.youtube.com/watch?v=eD9ry2Lgglw&list=PLD18sR-9Y-XHClS9VSpzA…

Rich, R. (n.d.). The great recession. Federal Reserve History. Retrieved March 5, 2023, from https://www.federalreservehistory.org/essays/great-recession-of-200709

Weinberg, J. (n.d.). The great recession and its aftermath. Federal Reserve History. Retrieved March 5, 2023, from https://www.federalreservehistory.org/essays/great-recession-and-its-af…

Amadeo, K. (2021, January 30). How they stopped the financial crisis in 2009. The Balance. Retrieved March 5, 2023, from https://www.thebalancemoney.com/2009-financial-crisis-bailouts-3305539

Amadeo, K. (n.d.). The great recession of 2008: What happened, and when? The Balance. Retrieved March 5, 2023, from https://www.thebalancemoney.com/the-great-recession-of-2008-explanation…