In 2008, home prices soared, but getting a loan was easy!
Unfortunately, many home buyers ended up in over their head. Then the housing bubble popped.
Banks were in trouble. The American taxpayers, some of whom had lost their own homes in this crisis, were forced by the government to bail out the banks.
What caused this crisis that led to a massive financial meltdown known as the Great Recession? It all started with good intentions. And you know what they say about good intentions…
They can lead to some really bad outcomes.
Learn more about the Great Recession of 2008 and why borrowers should always beware.
Borrower Beware covers numerous educational standards across several subject areas including U.S. History and Civics, Economics, and Business for grades 7-12+. To find which standards it covers specific to your grade, subject area, and which standards your district follows, use our Standards Alignment tool.