Hat was a major cause of the us recession that began in 2008?

Question

Social Studies

River Nixon

12 January, 14:20

Hat was a major cause of the us recession that began in 2008?

+2

Answers (1)

Know the Answer?

Anabelle Chung · Answer 1

It all started when many institutions had invested in risky securities but they lost much of their value when the US and European housing bubble began to deflate between 2007 to 2009. This led to the failure of major financial institutions globally and was the proximate cause of the 2008 US crisis.