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What caused the Great Recession of 2008-2009?

2 Answers

5 votes

Answer:

La crisis financiera Global de 2008 se desató de manera directa debido al colapso de la burbuja inmobiliaria en Estados Unidos en el año 2006, que provocó aproximadamente en octubre de 2007 la llamada crisis de las hipotecas subprime.

Step-by-step explanation:

User Alex Wolf
by
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3 votes

Answer:

There are a few things that caused it...

Step-by-step explanation:

1. Housing prices increased, then fell, due to the subprime mortgage crisis.

2. Banks went into crisis.

3. The stock market plummeted, erasing wealth.

Hope this helps!

User Achille G
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