marii18753 marii18753
  • 04-07-2022
  • History
contestada

what are the effects and causes of the 2008 global crises especially in the usa?

Respuesta :

poojanpatel737
poojanpatel737 poojanpatel737
  • 05-07-2022

Answer:

Causes: Unregulated handing out of loans to people with low credit scores, low interest rates, terrible subprime mortagages.

Effects: Housing market crash led to millions of foreclosures, near 10% unemployment rate, deepest and longest recession in history since the great depression.

Explanation:

Answer Link

Otras preguntas

what impact did industrialization have on social class and social inequality?
The blank is called the breadbasket of italy
It takes 18 peaches to make 4 jars of peach preserves. How many peaches will be needed to make 14 jars?
The chemical formula for the major component of palm kernel oil is CH3(CH2)14CO2H. The chemical formula for the carbohydrate glucose is C6H12O6. Which statement
When used by sociologists, the term "wealth" refers to ________.
Lola is placing appetizers on plates She has 63 spring rolls and 84 cheese cubes She wants to include both appetizers on each plate Each plate must have the sam
The world's highest mountain peak is located in which country?
1/2 divided by N equals 1/3 what is N?
Odd numbers between 40 and 49
The Mexican tortilla is found in very few Mexican dishes.