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University Library, University of Illinois at Urbana-Champaign

Financial Crisis of 2008: Treasury & Fed

A starting point for students researching the U.S. financial crisis of 2008. Includes primary, secondary, and government information sources.

U. S. Treasury Department

Treasury.Gov

From the website: "The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. The Department is responsible for a wide range of activities such as advising the President on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions." The U.S. Department of the Treasury has a lot of information regarding the current state of the economy and the efforts of the department in investigating, regulating, and reforming the financial sector. Good spot for visual representations of economic data and research reports.

Response to the Financial Crisis

The Federal Reserve

FederalReserve.Gov

Chaired by Ben Bernanke, the Federal Resereve monitors and controls the U.S. money supply and played an integral role during the financial crisis, advocating for aggressive government intervention. Visit the site for data and research related to their role in the global economy. Links to video, PowerPoint slides, and audio of Bernanke's talk about the Fed's role during the Financial crisis is below.

Comparison to the Great Depression
From: Bernanke, Ben, (2012). "The Federal Reserve's Response to the Financial Crisis." Chairman Bernanke's College Lecture Series. Retrieved from: http://www.federalreserve.gov/newsevents/files/bernanke-lecture-three-20120327.pdf

Government Information Services