What Was the 2008 Great Recession? The Great Recession was the sharp decline in economic activity that started in 2007 and lasted several years, spilling into global economies. It is considered the most significant downturn since the Great Depression in the 1930s. The term “Great Recession” applies to both the U.S. recession, officially lasting from
What Was the Great Society? The Great Society was a set of domestic policy initiatives, programs, and legislation introduced in the 1960s in the U.S. These Great Society programs were intended to reduce poverty levels, reduce racial injustice, reduce crime, and improve the environment. Great Society policies were launched by then-President Lyndon B. Johnson between 1964 and 1965. Johnson first
What Is a Green Fund? A green fund is a mutual fund or another investment vehicle that will only invest in companies that are deemed socially conscious or directly promote environmental responsibility. A green fund can come in the form of a focused investment vehicle for companies engaged in environmentally supportive businesses, such as alternative energy
What Is a Greenback? A greenback is a slang term for U.S. paper dollars. The term originated during the mid-1860s, when these notes were printed in green ink. Congress had limited taxing authority, and used paper currency to help finance the civil war. The word “greenback” was a negative term because these notes did not
What Is a Green Bond? A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects. These bonds are typically asset-linked and backed by the issuing entity’s balance sheet, so they usually carry the same credit rating as their issuers’ other debt obligations. Dating back
What Is a Green Book? The term Green Book refers to a comprehensive guide or report provided by government agencies and bodies. Green Books are used for a variety of purposes depending on the issuing entity. Some Green Books provide guidance on how to deal with and process financial transactions while others may provide the
What Is a Green Card? A green card is a colloquial name for the identification card issued by U.S. Citizenship and Immigration Services to permanent residents who are legally allowed to live and work in the U.S. indefinitely. Green cards got their nickname because they were green in color from 1950 to 1964. In 2010
What Is a Green-Field Investment? A green-field (also “greenfield”) investment is a type of foreign direct investment (FDI) in which a parent company creates a subsidiary in a different country, building its operations from the ground up. In addition to the construction of new production facilities, these projects can also include the building of new distribution
What Is Green Investing? Green investing seeks to support business practices that have a favorable impact on the natural environment. Often grouped with socially responsible investing (SRI) or environmental, social, and governance (ESG) criteria, green investments focus on companies or projects committed to the conservation of natural resources, pollution reduction, or other environmentally conscious business
What Is a Green Levy? A green levy is a tax imposed by a government on sources of pollution or carbon emission. A green levy is aimed at discouraging the use of inefficient sources of energy and encouraging the implementation of environmental-friendly alternatives. The term is most commonly used in relation to a tax on
