The business cycle offers a simple reality. Economies move back and forth from growth to recession and then back again. It is inevitable today that every good economy will become a recession and every recession will eventually become a good economy again. If we can't escape them then we had better learn to understand them andhow to live with them.

Part 1: We all lived through the 2008Financial Crisis and recession. What do you remember about the crisis? How did it impact you,your family,and your friends?

Part 2:The videos below discuss recessions in general and the 2008-2009recession. We have a chance now to reflect on how it all went down. If you were in a position of power in the 1990s and early 2000s what would you have done differently? Whose to blame for the recession and how do we avoid another one like that again? The answer to these questions might be more complicated than you think.

https://www.youtube.com/watch?v=QQ3JTPu9gIY

https://www.youtube.com/watch?v=GPOv72Awo68