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Gelneren [198K]
3 years ago
9

Why did the subprime mortgage crisis in the United States cause other countries to also enter economic downturns?

Geography
2 answers:
GaryK [48]3 years ago
7 0

Answer:

The right answer is:

B. The global economy is intertwined with the U.S. economy.

Explanation:

The U.S. financial markets have extensive links to other countries´s financial systems. So, the crisis and the subsequent deterioration of the environment of the American financial system had a severe impact on business and economies all around the world. US banks are investors abroad. There were also loss of GDP, losses of jobs and rising unemployment, more difficulties in getting access to funding, and decreasing US demand  for many countries that have the US as a top export destination. Those are some effects of the US subprime mortgage crisis.

babunello [35]3 years ago
5 0

Answer:

The global economy is intertwined with the U.S. economy.

Explanation:

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