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.
The president's amnesty power pardons those who have violated the law.
The president's clemency power can only be used in cases of state offenses.
Hello,
The correct answer in which you are looking for is C. Alexis de Tocqueville.
Please mark brainliest.
-Austin
Answer:
Hope I could help xxxxx ;P
Explanation:
Thomas Hutchinson was the last royal governor of Massachusetts Bay, a prominent loyalist, and a noted historian, both of his colony and his times. A native Bostonian, born September 9, 1711 to a wealthy merchant family, Hutchinson was, like many of his future political opponents, educated at Harvard University. In 1737 he was elected to the Massachusetts assembly, of which he was Speaker from 1746 to 1748. His support for an unpopular measure to redeem the colony's depreciated paper currency led to his defeat for re-election in 1749. He was then appointed to the Governor's Council and served as a delegate to the Albany Congress of 1754, where he joined Benjamin Franklin in drawing up a plan of American union. Hutchinson was made lieutenant governor of the province in 1758 and chief justice in 1760, offices he held simultaneously, much to the chagrin of Boston radicals such as James Otis (who believed he had been promised the latter post).
