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The Impact of the Subprime Mortgage Crisis on the Us and World Economy

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DOI: 10.25236/iceesr.2021.105


Yuchen He

Corresponding Author

Yuchen He


America's 2008 monetary crisis is additionally known as the subprime crisis. In the years from 2000 to 2006, housing fees in the United States increased rapidly. Because of high housing prices, many families are struggling to manage to pay for high housing costs, and many people with low incomes or negative credit score histories are unable to get domestic loans. In the monetary environment of these years, the interest price in the market was once usually very low in contrast with the speedy growth of the housing price, so it was once also a way to amplify the earnings of the loan companies, so the loan groups issued a giant quantity of subprime loans.


Subprime crisis, Formation process, Cause of formation, A major influence, Revelation