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2008 was a leap year starting on Tuesday of the Gregorian calendar, the 2008th year of the Common Era (CE) and Anno Domini (AD) designations, the 8th year of the 3rd millennium and the 21st century, and the 9th year of the 2000s decade.
The 2007–2008 financial crisis, or the global financial crisis (GFC), was the most severe worldwide economic crisis since the Great Depression.
Jun 8, 2020 · Layoffs, stock market crashes and bailouts - America has been through this before. Can we learn from the Great Recession of 2008, or are we doomed to repeat the mistakes of the past?
Sep 14, 2018 · Learn how the U.S. housing market, low interest rates, deregulation and global interdependence led to the worst economic crisis since the Great Depression. Explore the origins, effects and lessons of the 2008 financial crisis and its impact on the world.
- Eric Rauchway
- 3 min
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Apr 24, 2022 · Learn how the subprime mortgage crisis triggered the worst economic downturn since the Great Depression. Find out what happened, why it happened, and what was done to recover from the 2008 recession.
- Kimberly Amadeo
A comprehensive overview of the major events, births, deaths, weddings, and fun facts that happened in 2008. Find out about the global financial crisis, the Beijing Olympics, the Large Hadron Collider, and more.
Financial crisis of 2007–08, severe contraction of liquidity in global financial markets that originated in the United States as a result of the collapse of the U.S. housing market. It precipitated the Great Recession (2007–09), the worst economic downturn in the United States since the Great Depression.
