The crisis was accompanied by recessions in many ... A recession begins when the economy reaches a peak of activity and ends when the economy reaches its trough.” Consistent with this definition, the ...

Deregulation in the 2000s and excessive risk by banks were major causes of the financial crisis. Post-recession, it took the Dow until 2013 to recover, while unemployment remained high until 2015.

Contagion Effect Leading to Global Financial Crisis The financial markets’ collapse in the U.S. had a contagion effect that spread to other countries, with many economists dubbing it a global ...