Document Type



Many people have thrown out many ideas as to how the Great Recession happened. Some blame the banks, some blame the system, and others blame the lawmakers. The truth is much more complicated, and many different events lined up to make it happen. The essential fact is that there would likely have been a recession in the 2000s as a result of the commodities price recession of the 90s. What made the recession bad enough to be called the Great Recession was the gradual de-regulation that occurred after Glass-Steagal. Primarily, this paper will deal with the laws surrounding the banking and finance industry, as these are the controls on how finance is managed in the country and how America permitted the Recession to happen, with a couple of moments to define key elements of the workings of how this is going on.


Accounting and Finance

Thesis Comittee

Prof. Caitlin Finning-Golden, Thesis Advisor

Joseph Edward Rizzo, Esq, Committee Member

Dr. Yihong Xiao, Committee Member

Copyright and Permissions

Original document was submitted as an Honors Program requirement. Copyright is held by the author.