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Well about 8 years ago now banks starting giving out special loans (mainly for homes) that they knew the people would not be able to afford after the first 7 years when initial rates were low. 7 years later, people couldn't pay the banks, so banks stopped lending. less money was flowing which in a nutshell meant our economy slowed down. there's plenty of other factors and I AM NOT AN ECONOMIST so theres plently of people who can explaimn it better but from waht i understand that's basically it.
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∙ 12y ago
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What is a recession start date called?
The date at which a recession starts is called a peak.
How much it will cost to relieve us from the recession?
It will cost about 850,000,000,000 dollars to relieve us fro the recession
Will the US go into recession?
It has.
What caused the recession in the US in 2001 to be mild?
The suspect lending practices was one of the causes of the recession in the US in 2001.
Did the lehman brothers start the recession?
yes they did
How severe was the recession in 1998?
There was no recession in 1998. See the NBER website for US data.
What is a recession economy?
A recession is when the economic activity slows and people start losing their jobs and/or companies slow their hiring.
How Is the US Economy Doing?
right now 2009 the us economy is in a recession, but could in a depression later on in the future if we are in a recession for too long.
What is the economic growth of World War 1?
The US economy was in recession at the start of WW1 but experienced a boom when the warring countries started to purchase military goods from the US. Afterwards, it went into recession again due to tremendous war spending after the US entered the war, with around 52 percent of GNP used up.
What triggers 2007 us recession?
Democrats
What was the economic status of the US in 1809?
in a recession
Does the US recession affect Australia?
Yes,
