Historical event

Subprime Mortgage Crisis

Date: August 9, 2007

The subprime mortgage crisis begins with BNP Paribas freezing funds, triggering the global financial crisis and Great Recession that affected economies worldwide.

Tags: subprime mortgage, financial crisis, great recession, housing bubble, mortgage-backed securities, lehman brothers, banking crisis, global recession

Open the interactive timeline viewer to explore this event in historical context.