The Concise Encyclopedia of The Great Recession 2007-2012

Book excerpt: This encyclopedia looks at the first major recession of the 21st century and one of the deepest since the Great Depression itself. Its description of recession-related actors and events since its start provides an in-depth understanding of this major rupture in modern economy, forever changing, some have argued, not only the distribution of income in the United States but the balance of economic power across the globe. It describes and updates the events, actors, institutions, rules, regulations, and current impact of this global financial crisis that pushed banks, financial institutions, and corporations across the world to the edge.