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Beginning with the 8.6 billion dollar bubble bursting, the loss of 8.4 million jobs nationwide, financial collapse of Greece and the Celtic Tiger in Ireland, and sharp cutbacks in consumer spending which resulted in a financial era beginning in December 2007 know as The Great Revival The Great Decline The Great Recession The Great Depression

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The correct option is “The Great Recession”. This term is used to show an economic downturn that started in 2007 in the US as a result of the real-state crisis. The Great Recession ended up in a global recession that lasted until 2009. This crisis is considered one of the worst after “The Great Depression” in 1929.

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