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Causes of The Great Recession by Ramon DeGennaro

Causes of The Great Recession

by Ramon DeGennaro


Title Details

Running Time
31 Min.

This lecture is part of a course from The Great Courses called International Economic Institutions: Globalism vs. Nationalism taught by Professor Ramon P. DeGennaro, Ph.D.. This course and over 300 other courses can be accessed with a subscription to Wondrium.

Learn about the many causes of The Great Recession which led to economic decline in the United States and world markets in the late 2000s and early 2010s. Professor Ramon P. DeGennaro, Ph.D. explores the many risks that were taken which led to the crisis in this lecture from his course International Economic Institutions: Globalism vs. Nationalism. Financial institutions in the 2000s began taking enormous risks particularly in the housing market. Helped out by low interest rates and fewer regulations, banks and investors mismanaged their risks while mortgage defaults were rising. Using many analogies to help us understand the complex economic forces at play, Professor DeGennaro takes a long view of economic best practices to demonstrate how many financial institutions were brought down during The Great Recession.

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