The Great Recession

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Definition of 'The Great Recession'

A buzz word that describes the recession that started on December 2007 in terms of the Great Depression of the 1930s. Generally, the Great Recession lasted longer and was more severe than prior recessions. However, the severity of economic decline has not eclipsed the levels reached by the Great Depression. 
Investopedia Says

Investopedia explains 'The Great Recession'

For example, prior recessions lasted for about 16 months, whereas the Great Recession lasted well over 20 months. This is still much shorter than the decade-long Great Depression.

Likewise, comparing the number of bank failures in both timeframes shows that the Great Depression was much worse. During the Great Recession, less than 1% of banks failed, whereas during the Great Depression close to 50% of all banks in the U.S. failed.

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'The Great Recession'

  • 5 Long-Term Consequences Of The Recession - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1110/5-Long-Term-Consequences-Of-The-Recession.aspx
    ... The Great Recession may be different. In addition to the "normal" effects, some
    of the consequences of this recession could run deep and last for many years. ...

  • Why Today's "Recession" Tops The Great Depression - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/0911/Why-Todays-Recession-Tops-The-Great-Depression.aspx
    ... Why Today's "Recession" Tops The Great Depression. Posted:
    September 27, 2011 2:14PM by Michael Sanibel. ...

  • 3 Companies You Can't Live Without

    http://stocks.investopedia.com/stock-analysis/2010/3-Companies-You-Cant-Live-Without-CPO--BCPC-ADM-KFT-KO0928.aspx
    ... Plus, even during the Great Recession, these companies continued to operate without
    much interruption, and are likely to continue their strong performance well ...

  • The Rise And Fall Of The Shadow Banking System

    http://www.investopedia.com/articles/economics/10/shadow-banking-system.asp
    ... The Rise of Shadow Banking Prior to the Great Recession, banks realized their ability
    to profit from lending was limited by access to capital and the size of ...

  • Luxury For Everyone

    http://stocks.investopedia.com/stock-analysis/2011/Luxury-For-Everyone-XLYS-COH-MOV-SAM-ANF0218.aspx
    ... As the after effects of the Great Recession continue to linger on, many consumers
    are still feeling the weight of stagnating wages, unemployment and leveraged ...

  • Big Money In Private Labels

    http://stocks.investopedia.com/stock-analysis/2010/Big-Money-In-Private-Labels-TGT-THS-RAH-PRGO1109.aspx
    ... Despite the fact that confidence has risen since the depths of the Great Recession,
    many consumers are still trying to stretch already thin budgets. ...

  • A Social Security Reality Check

    http://www.investopedia.com/articles/retirement/09/retirement-reality-check.asp
    ... Benefits As time passed and the economy faltered, investment values plummeted; the
    S&P 500 fell by nearly 40% at one point during the Great Recession, and many ...

  • Austerity: When The Government Tightens Its Belt

    http://www.investopedia.com/articles/economics/11/goverment-austerity-measures.asp
    ... Belt-Tightening after the Great Recession In the wake of the Great Recession which
    began roughly in 2008, the US federal government, and state, county and ...

  • Are Computers Bringing Down The Stock Market? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0811/Are-Computers-Bringing-Down-The-Stock-Market.aspx
    ... High frequency traders were in the market during the so-called Great Recession of
    2008 and 2009, but how about the last big sustained stock market event? ...

  • Comparing Canada And America

    http://stocks.investopedia.com/stock-analysis/2010/Comparing-Canada-And-America-EWC-SPY-THI-SBUX-RY0819.aspx
    ... Overall Market Following the collapse of Lehman Brothers on September 15, 2008,
    perhaps the official beginning of the great recession, the Canadian market has ...

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