Statements (64)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:historical_event
|
| gptkbp:bfsLayer |
3
|
| gptkbp:bfsParent |
gptkb:Republican_Party
gptkb:Ben_Bernanke gptkb:Nomadland gptkb:financial_crisis_of_2008 |
| gptkbp:caused_by |
gptkb:subprime_mortgage_crisis
housing bubble burst |
| gptkbp:duration |
18 months
|
| gptkbp:economy |
decrease in consumer spending
wage stagnation GDP contraction rise in poverty rates increase in mental health issues decline in birth rates decline in business investment decline in life expectancy decrease in homeownership rates decrease in manufacturing jobs decrease in savings rates fall in housing prices increase in bankruptcies increase in credit card debt increase in crime rates increase in food stamp usage increase in government debt increase in healthcare costs increase in online shopping. increase in part-time employment increase in remote work opportunities increase in rental prices increase in service sector jobs increase in student loan debt increase in technology sector jobs increase in wealth inequality rise in gig economy jobs rise in homelessness |
| gptkbp:end_date |
June 2009
|
| gptkbp:government_type |
monetary policy adjustments
stimulus packages bailouts of banks |
| https://www.w3.org/2000/01/rdf-schema#label |
Great Recession
|
| gptkbp:impact |
high unemployment rates
bank failures decline in consumer wealth reduced economic activity |
| gptkbp:involved_countries |
gptkb:legislation
gptkb:Australia gptkb:Japan gptkb:United_States gptkb:Native_American_tribe |
| gptkbp:launch_date |
December 2007
|
| gptkbp:legacy |
gptkb:Dodd-Frank_Act
changes in consumer behavior long-term economic recovery challenges increased regulation of financial institutions rise in populism in politics |
| gptkbp:related_event |
financial crisis of 2007-2008
credit crunch stock market crash of 2008 housing market crash Lehman Brothers bankruptcy Great Depression comparison foreclosure crisis |