The 2007-2009 Crisis

Banks, consumers, and the government all contributed to improper borrowing and lending, which in turn created a downward spiraling economy.

The objective of economic recovery when in crisis is to stabilize the economy and recapture the value lost using economic stimulus strategies.

The 2007-2009 economic collapse was damaging not only to the U.S. but also global markets, driving the global economy into recession.