what caused the last recession in the us
Great Recession in the United States Following the bursting of the housing bubble in mid-2007, and the housing market correction and subprime mortgage crisis the following year, the United States entered a severe recession.
Post–World War I recession The post–World War I recession was an economic recession that hit much of the world in the aftermath of World War I. In many nations, especially in North America, this growth continued during World War I as nations mobilized their economies to fight the war in Europe. After the war ended, the global economy began to decline. In the United States, 1918–1919 saw a modest economic retreat, but the next year saw a mild recovery. A more severe recession hit the United States in 1920 and 1921, when the global economy fell very sharply.