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.
Answer:
Greek philosopher Aristotle suggested that ancient Greeks thought that being a citizen was a natural state, according to J. G. A. Pocock.[5] It was an elitist notion, according to Peter Riesenberg, in which small scale communities had generally similar ideas of how people should behave in society and what constituted appropriate conduct.[5] Geoffrey Hosking described a possible Athenian logic leading to participatory democracy:
Explanation:
The first black person to die was Crispus Attacus
