It’s been 10 years since the 2008 financial crisis, and UNC students are still talking about it.
This semester, professor Benjamin Waterhouse is teaching The History of the 2008 Financial Crisis, a course exploring what many consider the worst financial crisis since the Great Depression.
The course examines the direct causes, background and consequences of the financial crisis to provide students with a holistic understanding.
While searching for work in fall 2008, Waterhouse personally experienced the negative effects of the crisis.
“For me personally, that meant the academic job market. The job market for Ph.D.s looking for jobs as professors is pretty much terrible on a good day, and I knew that all along, but it made it much, much worse," Waterhouse said.
Of the nearly 30 jobs Waterhouse intended to apply for, a third were cancelled in fall 2008. However, there was still an opening in UNC’s history department for 20th century political history.
Though current students also lived through the financial crisis, their experiences were different.
“Being raised through the 2008 financial crisis, our generation was too young to understand the complexities of it, so this course does a good job of breaking it down and contextualizing it,” said Sean Nguyen, a sophomore taking the class.
In class, Waterhouse discussed his own experiences during the crisis, particularly concerning delinquent mortgages.