Financial Crisis Assignment | Homework For You

“The financial crisis of 2007-2008 in the U.S. led to the period of the Great Recession in U.S. and in world markets during the late 2000s and early 2010s. In the U.S. specifically, GDP declined by 0.3 percent in 2008 and 2.8 percent in 2009, and unemployment briefly touched 10 percent during this period (in the pre-recession period, the unemployment rate was only 4.7%). The number of persons with jobs fell 8.6 million (6.2%) and did not regain the pre-recession level of 138.3 million until May 2014”.

Write a report in your own words talking about the causes of the financial crisis in the U.S. and discussing some of the macroeconomic consequences of this crisis (i.e. what happened to the U.S. economy during the Great Recession period). In your report, also mention some of the policy steps that were taken by the U.S. government to tackle this economic crisis.

Instructions for the report:

1. Length of the report should be minimum 6 pages, double spaced. Follow APA style for formatting and citation 2. Please avoid copy pasting material from the internet; a paper where majority of the portion is copied from the internet will be graded a zero. 3. If identical papers are submitted by two (or more students), all papers will be graded a zero.  Get Economics homework help today