The Great Recession: The Financial Crash of 2007–09

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From: Capitalism, Colonialism, and Crises

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In this chapter, Palmer outlines the structural causes of the financial crisis and global recession of 2007-2009 and how it was experienced in Canada.

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Contributors

Bryan D. Palmer

Bryan D. Palmer is Professor Emeritus and former Canada Research Chair, Canadian Studies, Trent University, Peterborough, Canada. He is a Fellow of the Royal Society of Canada, former editor of Labour/Le Travail, and has published extensively on the history of labour and the revolutionary left. Among his many books are Canada’s 1960s and the co-authored Toronto's Poor: A Rebellious History. In the fall of 2024, Colonialism and Capitalism: Canada's Origins 1500–1890 was published, followed by Capitalism and Colonialism: The Making of Modern Canada 1890—1960 in the spring of 2025. He lives in Warkworth, Ontario.