Subprime mortgage crisisThe American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010, contributing to the 2008 financial crisis. It led to a severe economic recession, with millions becoming unemployed and many businesses going bankrupt. The U.S. government intervened with a series of measures to stabilize the financial system, including the Troubled Asset Relief Program (TARP) and the American Recovery and Reinvestment Act of 2009 (ARRA).
2008 financial crisisWorldwide economic crisisThe TED spread, an indicator of perceived in the financial system, increased significantly during the crisis. It spiked sharply in August 2007, remained volatile for a year, and spiked even higher in September 2008 to reach a record 4.65% on October 10, 2008.A major worldwide financial crisis centered in the United States took place in 2008.
Great RecessionThe Great Recession was a period of contraction in economies around the world (particularly in the western world and associated countries) that occurred from late 2007 to mid-2009, overlapping with the closely related 2008 financial crisis. The scale and timing of the recession varied from country to country (see map).DecadeA decade (from Ancient Greek: δεκάς, dekas, lit. 'group of 10') is a period of ten years. It may also be called a decennium (from Latin: decennium, lit. 'ten-year'). Decades may describe any ten-year period, such as those of a person's life, or refer to specific groupings of calendar years.
InternetGlobal system of connected computer networks "Interweb" redirects here; not to be confused with Interweb (song). This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages) This article needs more citations. Please help improve this article by adding citations to reliable sources.
Economy of ChinaThe People's Republic of China (PRC) has a socialist market economy, incorporating industrial policies and strategic five-year plans. China has the world's second-largest economy by nominal GDP and since 2016 has been the world's largest economy when measured by purchasing power parity (PPP). China accounted for 19% of the global economy in 2025 in PPP terms, and around 17% in nominal terms in 2025.
Economy of IndiaIndia has a developing market-oriented economy with substantial state participation in strategic sectors. As of April 2026, it is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). By per capita income, the nation ranks 149th by nominal GDP and 119th by PPP-adjusted GDP as of 2026.
GlobalizationIncreasing worldwide interdependenceTop-left: showing early migration patterns of humans across the globe as part of the history of globalization. Top-right: the Namban ship carrying Europeans to trade with Japan. Middle-left: the headquarters of the United Nations in international territory within Midtown Manhattan, New York City.
Food pricesFood prices refer to the average price level for food across countries, regions and on a global scale. Food prices affect producers and consumers of food. Price levels depend on the food production process, including food marketing and food distribution. Fluctuation in food prices is determined by a number of compounding factors.
Social networking serviceOnline platform used to build relationsIllustrations showing various icons of some popular social networking servicesA social networking service or social networking site, abbreviated as SNS, is a type of online social media platform which people use to build social networks or social relationships with other people who share similar personal or career content, interests, activities, backgrounds or real-life connections.
Internet accessIndividual connection to the InternetInternet access is a facility or service that provides connectivity for a computer, a computer network, or other network device to the Internet, and for individuals or organizations to access or use applications such as email and the World Wide Web. Internet access is offered for sale by an international hierarchy of Internet service providers (ISPs) using various networking technologies.
ProtectionismProtectionism, sometimes referred to as trade protectionism, is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Proponents argue that protectionist policies shield the producers, businesses, and workers of the import-competing sector in the country from foreign competitors and raise government revenue.*As an Amazon Associate I earn from qualifying purchases.