The Crisis of 2008
2 min readMar 1, 2021
One of the biggest crises in history, it still affects many world economies: it is the crisis of 2008, also known as the Great Recession. Started by the United States, it was caused by the collapse of subprime mortgages.
The subprime mortgage crisis
The 2008 crisis began because of mortgages. In the previous period, house prices in the United States had long since increased significantly. To cope with…
