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Based in 2008 financial crisis, what caused the economy to go in a downward spiral
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Based in 2008 financial crisis, what caused the economy to go in a downward spiral

User Phn
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banks created to much miney
User Michael Hixson
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1. BANKS CREATED TOO MUCH MONEY

2. USED THIS MONEY TO PUSH UP HOUSE PRICES AND SPECULATE ON FINANCIAL MARKETS

3. EVENTUALLY THE DEBTS BECAME UNPAYABLE


4. THIS CAUSED A FINANCIAL CRISIS

User Rahul Mankar
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