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Marianna [84]
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]3 years ago
5 0

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.

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The correct answer is C) the Reconstruction Era.

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The 1876 presidential elections saw Republican Candidate Rutherford Hayes oppose Northern Democrat Samuel Tilden for the office of POTUS. Tilden won the popular vote as well as the electoral vote  but the fact was that four states in the South had inconclusive results  due to death threats and intimidation towards African American voters who always voted Republican.

There was a constitutional crisis and southerners were threatening with armed insurrection if Hayes was sworn in as POTUS. During meetings behind closed doors, a deal was struck. Democrats accepted Hayes as president and in exchange occupation Union troops were withdrawn from the South, leaving southern African Americans vulnerable to reprisals, discrimination, social segregation and subjugation by Southern white democrats.  This was called the 1877 Compromise which effectively ended the Reconstruction Era. This situation is the one described by this cartoon. Tilden was not sworn in as president and the blood of another southern insurrection was not spilled.


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