The Concise Encyclopedia of The Great Recession 2007-2012
The Concise Encyclopedia of the Great Recession 2007-2012 brings to the present the necessary information for understanding 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. Acclaimed by The New York Times as the "leading business and technical lexicographer in the nation" and serving as business terminology consultant to the Oxford English Dictionary for a quarter century, Jerry M. Rosenberg provides the most accurate and current explanation of this economic catastrophe of the last five years.
Rosenberg 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. With entries on key individuals, companies, government programs, financial instruments, and institutions, Rosenberg provides an essential reference to the most critical recession the United States has faced since the Great Depression of the 1930s. This work is an ideal tool for scholars and students seeking more information on this major event in world history.
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The Concise Encyclopedia of the Great Recession, 2007-2010
Jerry Martin Rosenberg
No preview available - 2010
11 percent 20 percent announced April ASSET RELIEF PROGRAM August bailout bankruptcy beneﬁts billion capital central bank China Chrysler Citigroup consumer credit default swaps debt December decline earlier earnings economy euro European Union eurozone exports Fannie Mae February Federal Reserve ﬁnancial ﬁnancial crisis ﬁnancing ﬁrm’s ﬁrms ﬁrst quarter ﬁscal ﬁve foreclosure fourth quarter fourth-quarter Freddie Mac funds GDP per head global Goldman Sachs hedge funds income industry inﬂation rate interest rates International Monetary Fund investment investors January jobless July June largest Lehman Brothers loans loss management reported March meltdown months mortgage nations November October Ofﬁce ofﬁcial percent in 2009 percent increase percent of GDP proﬁt fell recession recovery retail revenue climbing revenue fell rose sales climbed second quarter second-quarter securities September signiﬁcant spending stimulus surged third quarter third-quarter trade Treasury trillion TROUBLED ASSET RELIEF United workers workforce