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Trava [24]
3 years ago
15

The great recession, which began in 2008, was precipitated primarily because the federal government was too lax in regulating

History
1 answer:
maw [93]3 years ago
5 0
The lack of government oversight occurred in the housing market -- specifically in the home loan business.  It's sometimes referred to as the "subprime mortgage" crisis.  Subprime mortgages were mortgages given to borrowers that didn't qualify for a conventional loan.  They would be financed in ways that charged borrowers higher interest because of the risk or had large balloon payments later in the loan period.  As a result, there was a "housing bubble" created, where many people had entered into home loans above what they could pay.  When that bubble burst and the housing market crashed, it triggered the great recession.

You might check out the book or the film called "The Big Short" for an interesting study of what happened!
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It could be argued that in the short-term the populist movement won, but in the long-term it failed in the sense that the major worker population shifter from the fields and into the factories.

Explanation:

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WILL GIVE BRAINLILEST<br> What were the 4 causes of WWI?
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Credits go to: Google Dictionary

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Albert Einstein is one of the most intelligent scientist all over history. He was German and a theoretical physicist acknowledged to be one of the greatest physicists of all time. He is known to develop the theory of relativity. But also made many develops on theory of quantum mechanics. Albert Einstein is one of the most intelligent scientists, other scientists like him include Isaac Newton who was a Mathematician, physicist, astronomer and greatly recognized. Albert is best known for his equation E= mc2 and has won many awards. He’s greatest contribution to the world was his theory of relativity in which described new ways of looking at time, space, matter, energy and gravity. Einstein’s work has influenced advanced modern quantum mechanics, the model of physical time, the understanding of light, solar panels, and even modern chemistry.

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Hope this helps!!!
6 0
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