On your own, locate three reputable sources on the causes of the 2008 financial crisis. At least one such source should be a pri

Question

3 years ago

7

On your own, locate three reputable sources on the causes of the 2008 financial crisis. At least one such source should be a pri

mary source. Your writing should be in complete, complex sentences and no less than 500 words in length. The financial crisis is a complex topic; be sure to ptove your understanding of key economic terms and policies that contributed to the crisis. You will also need to cite the three sources you use to find information on the financial crisis

History

1 answer:

alexgriva [62] · Answer 1 · 2022-09-04T04:38:04+03:00

Answer:

The deregulation in the financial industry was the main reason of 2008 financial crises.

Explanation:

The main cause of 2008 financial crises was the deregulation occurs in the financial industry. In this crises, the banks had done in hedge fund trading with derivatives. after this, Banks demanded more mortgages to sale with profit of these derivatives which automatically causes great recession. Due to this crises, great recession occurs which effect the whole world. Americans and European economists were responsible for this financial crises which was controlled by the introduction of Asset Relief Program (TARP) which helps the financial industry.