Answer:
In the 1800's. If you wanna be really specific, it's the late 1790's.
Answer:
Explanation:
The actions by governments of communist states have been subject to criticism. According to critics, the rule by communist parties leads to totalitarianism, political repression, restrictions of human rights, poor economic performance and cultural and artistic censorship. In Russia, efforts to build communism began after Tsar Nicholas II lost his power during the February Revolution, and ended with the dissolution of the USSR in 1991.
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.
