Be More Productive: https://skl.sh/33u3Qbl https://www.explified.com - Do visit our website to connect better with us! The Great Recession of 2007 was the most damaging global financial crisis since 1930. Watch this video to discover what was the cause of the great recession? It's devastating effects and how the world tried to decrease the worst effects of the crisis. #repressionof2007 #financialcrisis #economics Watch full money and economics playlist here : https://www.youtube.com/playlist?list=PLxTBqoegaU2Akc6IOaZCpeuJha74C96_U Subscribe to Explified for more such content! References and Citations : https://en.wikipedia.org/wiki/Great_Recession https://www.federalreservehistory.org/essays/great_recession_of_200709#:~:text=The%20Great%20Recession%20began%20in,recession%20since%20World%20War%20II.&text=As%20the%20financial%20crisis%20and,implemented%20on%20a%20global%20basis. https://www.thestreet.com/politics/what-was-the-great-recession-14664025 https://www.history.com/topics/21st-century/recession