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The Great Recession was a hard time for a lot of people in the United States. Homes were foreclosed, people lost their jobs, and overall the economy just stank! But while it may have started in the United States, the world felt the effects of the Great Recession as the economic crisis spilled across borders. In today's episode, we run through what a recession (and depression!) is, the history of recessions in the United States, the effects of the Great Recession on the U.S. and how it spread globally.