9
AssignmentMultiple Choice

September 11, 2001

Question 9 • Crowley Credit Recovery US History Studies Since 1877 B

What was one of the main roots of the recession that began in 2008?

Answer
A
low spending by the Bush administration
B
bad loans made in the housing market
C
low levels of borrowing by American consumers

Explanation

A major root of the 2008 recession was the housing-market crisis. Lenders made many risky mortgage loans to borrowers who struggled to repay them, leading to foreclosures and falling home values. Those bad housing loans contributed to serious problems throughout the financial system.

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