

In the late 2000s, home values plummeted, joblessness spiked, and the S&P 500 lost more than half of its value. The economic downturn during this period would eventually be dubbed 
In this photo, a trader looks at the closing numbers on the floor of the New York Stock Exchange October 6, 2008. Wall Street tumbled after the opening bell as fallout from the credit crisis triggered concerns about the economy and the Dow fell below 10,000 for the first time in four years. , during the week of October 6-10, 2008,the Dow suffered its largest-ever weekly loss: 1,874 points, causing the value of U.S. stocks to plunge and many Americans to lose savings invested in financial markets.

Scroll through to learn about key moments and the global impact of the Great Recession between 2007 and 2010.

TIMOTHY A. CLARY, AFP Via Getty Images

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