<p>I know the two were caused by the burst bubbles and worsened by rising interest rates. I also know that the the 2001 recession had a long jobless recovery but did not experience as many bank failures as the Great Recession. I'm assuming the stock market fell for both?</p>

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2019-08-08T22:53:38.127Z
see https://fred.stlouisfed.org/series/SPASTT01USM661N
Henry
<macroeconomics>
What are some similarities and differences between the 2001 recession and the 2007 recession in terms of causes and the effects on the economy?
Grace Zhang
# What are some similarities and differences between the 2001 recession and the 2007 recession in terms of causes and the effects on the economy?

(Asked by: username_0 on 2019-08-08)

I know the two were caused by the burst bubbles and worsened by rising interest rates. I also know that the the 2001 recession had a long jobless recovery but did not experience as many bank failures as the Great Recession. I'm assuming the stock market fell for both?

**Tags:** macroeconomics
> **Comments:**
> **username_1**: see https://fred.stlouisfed.org/series/SPASTT01USM661N  

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## 0 answers

