Question

Which of the following was a major domestic crisis during the Bush presidency. Savings and loan scandal The Iran-Contra affair Environmental Protection Act The Persian Gulf war

Answer 1

Savings and loan scandal is the answer

Answer 2

The correct answer is C) savings and loans scandal.

A major domestic crisis during the Bush Administration was the savings and loans scandal.

This crisis represented financial devastation in the since the middle of the 1980s until the 1990s in the United States, that resulted in the failure of almost 3,000 of savings and loans associations. Corruption practices, fraud, speculation lack of control of market conditions were the main reasons for this crisis. So yes, a major domestic crisis during the Bush Administration was the savings and loans scandal.