causes of the great recession - EAS
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- The Great Recession, one of the worst economic declines in US history, officially lasted from December 2007 to June 2009.
- The collapse of the housing market — fueled by low interest rates, easy credit, insufficient regulation, and toxic subprime mortgages — led to the economic crisis.
- The Great Recession's legacy includes new financial regulations and an activist Fed.
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Causes of an Economic Recession - The Balance
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