US History – 1945 to Present
The Great Recession was a severe global economic downturn that began in December 2007 and lasted until June 2009, marked by a collapse in housing prices, a banking crisis, and significant declines in consumer wealth and economic activity. It was the most serious economic crisis since the Great Depression, profoundly affecting various sectors of the economy and leading to widespread unemployment and a reevaluation of economic policies.
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