The 2008 Recession

explanatory Essay
176 words
176 words

The recession of 2008 had the worst impact on the U.S housing market since the great depression, the total amount of wealth lost by the recession was up to 10.2 trillion dollars, which is almost one fifth of the GDP of the entire world. The recession had a huge impact on the U.S economy, it was a time where almost every american was going to have a lot of problems, which is what made it a huge problem. Since the recession the U.S has been able to make some significant changes that have given some positive impacts to Americans and the economy. Some will agree that the recession was a really impactful time to the U.S ,but others will say that the recession wasn’t as bad as it could've been, but it reality it was actually a really bad time for

In this essay, the author

  • Explains that the 2008 recession had the worst impact on the u.s housing market since the great depression.
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