The crisis in the United States spread to other countries because of a global financial industry.
The crisis in the United States began with problems in both the housing market and the financial system, but if it spread worldwide was because of the global character of the financial system. The collapse of the world financial system spread to other branches of the economy, which made it harder to recover.
<span>a. A baker relies on a farmer for grain, the farmer relies on the blacksmith for tools, and the blacksmith relies on the baker for bread. </span>
the booming success of the economy and opportunities for jobs equaling into money which gives yu room for a better life than most of Europe at that time