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Phoenix [80]
3 years ago
15

Which of the following could be considered a cause of the 2007–2008 economic crash? A. Too many people out of work B. Too many p

eople working high-paying jobs C. Too many people going to college D. Too many risky loans given out
History
2 answers:
zepelin [54]3 years ago
8 0
D. would be the answer to this question
seraphim [82]3 years ago
3 0

The correct answer is:

D. Too many risky loans given out.

Explanation:

The economic crisis of 2008, which was one of the worst economic crisis in the world, began when too many risky loans were given out to people who couldn't afford to pay back so eventually the debts became bigger than the money available, leading the bank system to almost collapse.

Risky loans were given to people mainly when they wanted to buy a house, because mortgage brokers sold the risky mortgages with the good mortageges to investors and banks, and because the house market was rising everybody was making money, but the bubble broke out because families were not able to pay their mortgages because of the interest rates and as more credit was given the house prices started to fall, so there was a huge debt and no one to pay for it.

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Why did the transatlantic slave trade expand after the 16th century
AlekseyPX

Answer:

It is estimated that by the early 16th century as much as 10% of Lisbon's population was of African descent. After the European discovery of the American continent, the demand for African labour gradually grew, as other sources of labour - both European and American - were found to be insufficient.

5 0
3 years ago
Describe the military significance of the battles of Gettysburg in the East and Vicksburg in the West.
Ivanshal [37]

Answer:

Gettysburg was fought in northern territory, in Pennsylvania. Encouraged by some previous victories over Union forces, the Army of North Virginia under the command of Gen. Robert E. Lee had invaded the North and its goal was to pressure the government of Abraham Lincoln to negotiate peace. The Battle of Gettysburg went on for three days (July 1-3, 1863). Despite some advances of the first day, the Confederates weren´t able to overrun Federal positions and suffered a crushing defeat. Gettysburg became the bloodiest battle of the Civil War at the time. 165, 620 men engaged in battle on both sides, total casualties of both sides amount to  51, 112. Lee had to withdraw to southern territory and from that moment on, the Confederacy fought on the defensive, never regaining the strategic initiative. That´s the impact of Gettysburg, a turning point in the war.

Vicksburg was a strategic fortress that granted control of the Mississippi River, being the key to penetrate the South. It was a major point with military significance and a neuralgic place for southern trade and the smuggling of weapons to break the Union´s blockade.  Gen. Ulysses Grant, commander of the Union´s Army of the Tennessee, attacked and laid siege to Vicksburg. Grant´s campaign started in April 1863. The siege lasted 47 days. Finally, the Confederate forces of Gen. John C. Pemberton finally surrendered on July 4, 1863. The loss of Vicksburg opened the gates of the South and left it vulnerable to the invasion of the Union armies.

Explanation:

4 0
3 years ago
 What is an ironic conclusion that can be drawn about Andersonville Prison?
gizmo_the_mogwai [7]

its actually D). The Confederacy could afford to move a large number of prisoners hundreds of miles, but could not afford to feed and house the prisoners.

5 0
3 years ago
What was the goal of the freedom rides?
Aneli [31]
The goal of the freedom riders was desegregation of buses and bus terminals
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3 years ago
Which was an advantage George Washington had in his first term as the first president of the United States?
Svetllana [295]
I believe the answer is D, he had the respect of the country and was elected unanimously.
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3 years ago
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