The Great Recession Mathematics & Economics Term Paper (Term Paper Sample)

The Great Recession
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Contents TOC \o "1-3" \h \z \u Abstract PAGEREF _Toc530069289 \h 3Introduction PAGEREF _Toc530069290 \h 4The causes of the great recession PAGEREF _Toc530069291 \h 4Effects of the Great Recession PAGEREF _Toc530069292 \h 5Investments PAGEREF _Toc530069293 \h 5Housing market PAGEREF _Toc530069294 \h 6Interest Rates PAGEREF _Toc530069295 \h 6National debt PAGEREF _Toc530069296 \h 7Industrial production PAGEREF _Toc530069297 \h 7Other economies PAGEREF _Toc530069298 \h 8Comparison of the Great depression and Recession PAGEREF _Toc530069299 \h 9Conclusion PAGEREF _Toc530069300 \h 10References PAGEREF _Toc530069301 \h 11
Abstract
Starting in the middle of 2007, there was a financial crisis that was global that had major effects in the housing markets in the United States. The crisis was a surprise to policy makers because the financial market was not favorable at the time. The markets that were affected include the housing market, interest rates offered by banks, the national debt and a decrease in the manufacturing production. This paper is an insight of the Great Recession.
Introduction
In the United States, there was a recession towards the end of 2007. An economy that is healthy will have a period of high growth, slow growth or no growth at all. When a period for contracting lasts for a period that is long, for instance two consecutive quarters the economy is a recession. A recession is a decline of the economy that is significant and spreads across the economy. Recession is mostly noted through the gross domestic product, employment, real income, and industrial production. This paper will look at the recession that took place in the United States in 2008 by looking at the causes, and the effects that it had on investments, housing markets, interest rates, national debt, industrial production, and other economies.