Abandoned house with windows boarded up

Understanding the Great Recession

This course explores the causes of the Great Recession, the recession's impact on local policy discussions, and how planners should think about economic impacts when thinking about long-term plans.

  • 74 Mins
  • Published
    2017

The Recession of 2007-08 (also called the Recession of the late 2000s or the Great Recession) was a major worldwide economic downturn that began in 2007 and continued into 2010 and beyond. 

Following a housing boom, mortgage defaults in the United States spiked in 2007. A financial crisis was in full swing in 2008, followed by the worst recession since the Great Depression of the 1930s. 

This course explores the causes of the Great Recession, the recssion's impact on local policy discussions, and how planners should think about economic impacts when thinking about long-term plans.