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Nezavi [6.7K]
3 years ago
15

The 2007 crash of the US housing market was an example of a(n) __________.

History
2 answers:
QveST [7]3 years ago
8 0
Economy crash

or

economical crash
EleoNora [17]3 years ago
7 0

The 2007 crash of the US housing market was an example of an economic downturn.

An economic downturn constitutes one of the stages of the economic cycle and  occurs when the value of stocks, property, and commodities fall, productivity either increases more slowly or decreases, and the gross domestic product, commonly known as GDP shrinks, stands still or expands more slowly.

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Explanation:

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Explanation:

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Mercantilism was very popular in Europe in the 16th century. Back then, wealth of a country largely depended on the amount of gold, silver and metals that it possessed. Countries attempted to establish a favorable balance of trade, which means that more goods are exported than imported. This resulted in a massive exchange of goods. For example, England forced their colonies to produce raw goods which were then shipped to Europe.

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