|
gptkbp:instanceOf
|
economic crisis
|
|
gptkbp:affectedArea
|
gptkb:Europe
gptkb:United_States
global
|
|
gptkbp:alsoKnownAs
|
gptkb:Great_Recession
|
|
gptkbp:cause
|
subprime mortgage crisis
collapse of Lehman Brothers
housing bubble burst
financial derivatives failure
|
|
gptkbp:endDate
|
2009
|
|
gptkbp:governmentResponse
|
stimulus packages
monetary easing
bank bailouts
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
The Depression of 2008
|
|
gptkbp:impact
|
global recession
loss of wealth
decline in housing prices
increase in poverty
rise in unemployment
decline in consumer spending
bankruptcy of major companies
|
|
gptkbp:notableEvent
|
gptkb:European_sovereign_debt_crisis
bank failures
foreclosures
auto industry crisis
|
|
gptkbp:notablePerson
|
gptkb:Barack_Obama
gptkb:Ben_Bernanke
gptkb:George_W._Bush
gptkb:Henry_Paulson
|
|
gptkbp:relatedTo
|
gptkb:Great_Depression
gptkb:Financial_crisis_of_2007–2008
gptkb:Global_financial_crisis
|
|
gptkbp:startDate
|
2007
|
|
gptkbp:stockMarketImpact
|
major decline
|
|
gptkbp:unemploymentRate
|
significant
|
|
gptkbp:bfsParent
|
gptkb:Fred_Foldvary
|
|
gptkbp:bfsLayer
|
7
|