in 2-4 sentences each question based on the video: 1. What is the Great Recession? 2. Why did it happen? 3. What are some examples of how the government helped? Video: From December 2007 to June 2009 the United States suffered an extended economic downturn that came to be known as the great recession. It was the worst financial crisis in the US since the great depression, leaving an impact on homes and businesses in America and around the world. We'll look at the causes of the recession, the recession itself, and its lasting impact. Causes of the great recession: While failures and financial regulation and excessive borrowing by households and Wall Street contributed to the primary cause of the Great recession was the subprime mortgage crisis. A mortgage is a loan that allows people to buy a house up front. A subprime mortgage is normally issued to borrowers with low credit ratings. and historically, many banks wouldn't even make loans to people with bad credit in the early 2000s. however, the housing market was booming so Banks begin giving subprime mortgage to people, even if they had low credit ratings. In other words, lenders, often banks, we're loaning