Project Details : The world economy today is still emerging from the deep recession of 2007 - 2009. Your Group Project is a research paper on what triggered this recession and its aftermath. The first signs of the economic situation we find ourselves in today started in 2007, with the beginning of the "collapse" of the sub-prime housing (mortgage) market in the United States. The dramatic effect that the "collapse" of this market had, not only on the U.S. economy, but also on the world economy and subsequently the world stock markets, was devastating. It was truly first recognized as a serious situation when Bear Stearns Co. (5th largest investment bank in U.S.) experienced a 'run' on its cash reserves that put it on the brink of failure. By March 16, 2008 the U.S. Federal Reserve orchestrated a rescue of Bears Stearns, extending a line of credit to investment bank JP Morgan Chase, so it could buy the assets of Bear Stearns. From the collapse of Bear Stearns, the situation continued to explode until we find ourselves where we are today. In this assignment you are to discuss/research the following: 1. The History of the Collapse (3 Marks) Beginning with