Great Recession (2009-2011)

GPTKB entity

Predicate	Object
gptkbp:instanceOf	economic crisis
gptkbp:affectedArea	gptkb:Europe gptkb:United_States global
gptkbp:category	Financial crises 21st-century economic history
gptkbp:cause	gptkb:financial_crisis_of_2007–2008 subprime mortgage crisis housing bubble burst
gptkbp:consequence	bank failures high unemployment foreclosures government bailouts decline in GDP
gptkbp:endDate	2009
gptkbp:followedBy	gptkb:COVID-19_recession
gptkbp:GDPDeclineUS	4.3%
https://www.w3.org/2000/01/rdf-schema#label	Great Recession (2009-2011)
gptkbp:mainImpactPeriod	2007-2009
gptkbp:mediaCoverage	Inside Job (documentary) The Big Short (book and film) Too Big to Fail (book and film)
gptkbp:notableCase	gptkb:Dodd-Frank_Act gptkb:American_Recovery_and_Reinvestment_Act gptkb:Emergency_Economic_Stabilization_Act
gptkbp:notableCompany	gptkb:General_Motors gptkb:Lehman_Brothers gptkb:AIG gptkb:Bank_of_America gptkb:Citigroup gptkb:Chrysler gptkb:Bear_Stearns
gptkbp:notableEvent	gptkb:European_sovereign_debt_crisis gptkb:Lehman_Brothers_bankruptcy gptkb:TARP_(Troubled_Asset_Relief_Program)
gptkbp:notablePerson	gptkb:Barack_Obama gptkb:Ben_Bernanke gptkb:George_W._Bush gptkb:Henry_Paulson gptkb:Timothy_Geithner
gptkbp:policy	fiscal stimulus quantitative easing interest rate cuts
gptkbp:precededBy	gptkb:Dot-com_bubble
gptkbp:relatedTo	gptkb:Global_Financial_Crisis
gptkbp:startDate	2007
gptkbp:stockMarketDecline	S&P 500 lost over 50% value
gptkbp:unemploymentPeakUS	10% (October 2009)
gptkbp:bfsParent	gptkb:Michigan_State_Fair
gptkbp:bfsLayer	7