Great Recession

[ greytri-sesh-uhn ]

/ ˈgreɪt rɪˈsɛʃ ən /

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noun

the period of economic contraction in the United States and other countries from December 2007 to June 2009 following the collapse of a housing bubble that precipitated a subprime mortgage crisis and subsequent systemwide turmoil in the investment banking sector.

QUIZ

THINGAMABOB OR THINGUMMY: CAN YOU DISTINGUISH BETWEEN THE US AND UK TERMS IN THIS QUIZ?

Do you know the difference between everyday US and UK terminology? Test yourself with this quiz on words that differ across the Atlantic.

Question 1 of 7

In the UK, COTTON CANDY is more commonly known as…

candystring

candyfloss

candypuff

TAKE THE QUIZ TO FIND OUT

Words nearby Great Recession

Great Plains, Great Power, great primer, Great Pyrenees, Great Rebellion, Great Recession, Great Red Spot, Great Rift, Great Rift Valley, great room, Great Russian

How to use Great Recession in a sentence

Demand for labor remained strong during the big immigrant wave of the 1980s until the Great Recession.
Legal but Still Poor: The Economic Consequences of Amnesty|Joel Kotkin|November 21, 2014|DAILY BEAST
The economic woes of the Great Recession have led to fewer marriages.
The Gender-Pay Gap: It’s Real, and Yes, It’s Sexism|Monica Potts|September 27, 2014|DAILY BEAST
The number of workers, particularly at the federal level, continued to rise even at the height of the great recession.
Watch What You Say, The New Liberal Power Elite Won’t Tolerate Dissent|Joel Kotkin|June 7, 2014|DAILY BEAST
In 2008, in the midst of the Great Recession, Kashkari was confirmed as assistant secretary of the Treasury.
Inside California's Crazy Race To Be The GOP Gubernatorial Candidate|Olivia Nuzzi|May 30, 2014|DAILY BEAST

Next week, the expansion will enter its 59th month since the end of the Great Recession.
The U.S. Economy Had a Hiccup, Not a Heart Attack, This Year|Daniel Gross|May 29, 2014|DAILY BEAST