The Great Recession

There are certain moments in history that are so significant that they become Turning Points, moments that put a bookmark in time and cause the events that follow to be measured by a different standard. From assassinations to terrorist attacks, from political revolutions to economic crashes, such times are often fraught with conflict and tension. This series puts each event in its historical context and follows the trajectory of its immediate aftermath and continuing global effects today. A timeline of important events adds further historical context, while "Pointing Out" sidebars present related topics and perspectives. A historical account of the Great Recession, including the causes of the economic downturn, the role played by the Federal Reserve and other government offices, and the lingering aftermath.