worldwide+recessionsm

ECONOMIC CRISIS!!!!!! Worldwide recession began in December of 2007 causing "The Great Recession". This happened because there was a shortfall in the United States banking systems. There were bailouts of banks by national governments and downturns in stock markets all around the world. Houses even fell into this category and many people were getting evictions and foreclosures. It was considered the worst financial crisis since the Great Depression in the 1930's by economists. To this day we are still fighting financial problems.

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