how did 2008 recession in the US spread worldwide?

i am making a project on recession,and till now i have learned that it started from the US in 2008,when the bank lowered loan interest rates and decreased mortgage value of houses, as a result of intervention from the government policymakers,so millions of people who could then not afford a home,bought one thinking that they would be able to repay back the loan,or mortgage it when the prices will rise..but it all went wrong,and the bank failed to recover the loans.
But how did it spread to rest of the world?
@kemperk,

sir,
you mean recession hasn’t been wiped completely till yet?

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