Late 2000s recession

The late 2000s recession was a time when a lot of people lost their jobs and a lot of businesses had to close. It happened because people used too much money from banks to buy stuff they couldn't really afford, like houses. Banks didn't have enough money to lend out, so businesses couldn't get the loans they needed to keep running. This made it hard for people to find jobs and they couldn't buy things they needed like food or clothes. The government had to help out by giving money to people who were out of work so they could still buy what they needed.