Issue 1: Facing Economic Change The Pace Of Economic And


The financial crisis of 2008, later known as "the Great Recession", had deep and protracted impact on global economic markets, and its effects were felt in the banking and real estate industries, as well as mutual funds and pensions. Primary sources including executive orders, speeches, and congressional reports provide insight into the root causes and ethical implications of the crisis. Resources are available to assist in contextualizing the crisis and exploring methods of rebuilding the financial system. Various acts such as the Economic Stimulus Act of 2008 and the American Recovery and Reinvestment Act of 2009 were implemented in attempts to combat the crisis. The crisis was primarily caused by the bursting of the housing bubble and subsequent spread to other sectors such as mutual funds and corporations.

The primary sources that can aid in investigating the impact of economic change and preparing for financial downturn based on the lessons learned from the Great Recession of 2008 are as follows:

  1. Executive Orders and Speeches: Examination of executive orders by relevant authorities and speeches made during the 2008 financial crisis can provide firsthand insights into the decision-making process, regulatory changes, and policy responses adopted to address the economic challenges faced during that period.

  2. Congressional Reports: Reviewing congressional reports, hearings, and testimonies related to the Great Recession provides valuable primary source material. It can offer a detailed understanding of the root causes of the crisis, the regulatory landscape, and the subsequent legislative actions taken to mitigate its impact.

Evaluating these primary sources and the authors behind them can offer a comprehensive understanding of the economic challenges faced and the strategies implemented to address them during the Great Recession of 2008.

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