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Which three factors led to the Great Recession of 2008?

A. The price of houses dropped.
B. Banks loaned money to risky borrowers.
C. The stock market crashed.
D. Banks decreased interest rates.
E. The financial sector was regulated.

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Sagot :

GinnyAnswer

Final answer:

The Great Recession of 2008 was caused by the dropping house prices, risky bank loans, and the crashing stock market.


Explanation:

The three factors that led to the Great Recession of 2008 were:

  1. The price of houses dropped due to the bursting of the housing bubble.
  2. Banks loaned money to risky borrowers, leading to mortgage defaults and foreclosures.
  3. The stock market crashed, resulting in a significant decline in the value of stocks.

Learn more about Great Recession of 2008 here:

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