The Great Recession from 2007-09 saw GDP fall 4.3%, the biggest drop since the Great Depression. Deregulation in the 2000s and excessive risk by banks were major causes of the financial crisis.

Amid market fluctuations and rising interest rates, it's a good time to visit downturns in the past, including the Great Recession. From 2007 to 2009, the housing market plummeted while ...

One question sometimes asked is how a recession compares with a depression, especially the Great Depression of the 1930s. There is no formal definition of depression, but most analysts consider a ...

told Fox Business Network on Wednesday that the economic backdrop was "very difficult" and "very unusual," and occurred only during the energy crisis in 1978-79 and the Great Recession in 2008.