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What caused the Great Recession of 2008-2009?

Question 36 options:

housing market colapse


stock market crash


People buying stocks on the margin


increased oil prices

User Rohan Seth
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1 Answer

4 votes

Answer:

housing market colapse

Step-by-step explanation:

The housing market collapse was the cause of the recession as the people were bad rated in the credit score-subprimes- were allowed to have loans that are usually for the prime credit population. This systemic error create a burst on the CDOs collateralized debt obligations which ultimately exploded and crashed the market.

User Alexey Inkin
by
8.0k points

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