Section 2
The 2007-2009 Crisis
Book
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By Boundless
By Boundless
Boundless Economics
Economics
by Boundless
3 concepts
![Thumbnail](../../../../../../figures.boundless-cdn.com/21221/square/rrowing-decisions-10-19-08.jpg)
Causes and Immediate Impacts of the Crisis
Banks, consumers, and the government all contributed to improper borrowing and lending, which in turn created a downward spiraling economy.
![Thumbnail](../../../../../../figures.boundless-cdn.com/21233/square/recovery-joblossgain.jpg)
Recovery
The objective of economic recovery when in crisis is to stabilize the economy and recapture the value lost using economic stimulus strategies.
![Thumbnail](../../../../../../figures.boundless-cdn.com/21234/raw/gdp-real-growth.jpg)
Global Impacts
The 2007-2009 economic collapse was damaging not only to the U.S. but also global markets, driving the global economy into recession.