Statements (50)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:historical_event
|
| gptkbp:bfsLayer |
5
|
| gptkbp:bfsParent |
gptkb:The_New_Great_Depression
|
| gptkbp:affects |
changes in consumer behavior
political changes housing market changes increased income inequality job market shifts |
| gptkbp:caused_by |
gptkb:subprime_mortgage_crisis
housing bubble burst |
| gptkbp:community_impact |
currency fluctuations
sovereign debt crises global trade decline foreign investment drop |
| gptkbp:economy |
reduced consumer spending
rising unemployment increased bankruptcies falling home prices declining business investment |
| gptkbp:ends_at |
June 2009
|
| gptkbp:followed_by |
gptkb:government_agency
|
| gptkbp:government_type |
stimulus package
bailout of banks |
| gptkbp:historical_context |
gptkb:Great_Recession
|
| https://www.w3.org/2000/01/rdf-schema#label |
recession of 2008
|
| gptkbp:impact |
gptkb:stock_market_index
bank failures GDP decline unemployment rate increase |
| gptkbp:involved_countries |
gptkb:United_States
global economy |
| gptkbp:is_characterized_by |
credit crunch
foreclosure crisis falling consumer confidence |
| gptkbp:launched |
December 2007
|
| gptkbp:led_to |
gptkb:Dodd-Frank_Act
increased regulation of financial institutions |
| gptkbp:legacy |
financial reform debates
public awareness of economic issues economic policy changes increased scrutiny of financial practices impact on future recessions |
| gptkbp:media_coverage |
extensive
|
| gptkbp:notable_figures |
gptkb:President_Barack_Obama
gptkb:Ben_Bernanke gptkb:Henry_Paulson gptkb:Timothy_F._Geithner |
| gptkbp:preceded_by |
early 2000s recession
|
| gptkbp:public_perception |
economic hardship
loss of trust in financial institutions |