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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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Explanation: helpful!

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4 years ago
How was the Continental Congress started? What did they do and why?
Dimas [21]
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4 0
3 years ago
Type the correct answer in the box.
mezya [45]

Answer:

In the study of history as an academic discipline, a primary source (also called original source or evidence) is an artifact, a document, diary, manuscript, autobiography, a recording, or other source of information that was created at the time under study. It serves as an original source of information about the topic. Similar definitions can be used in library science, and other areas of scholarship, although different fields have somewhat different definitions. In journalism, a primary source can be a person with direct knowledge of a situation, or a document written by such a person.

Explanation:

7 0
4 years ago
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svetoff [14.1K]

A: France

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