Ask Question
10 February, 07:06

The savings and loan crisis in the 1980s was a result of

- the cost of the military

- the federal budget surplus

- the number of new taxes

- the number of failing banks

+3
Answers (2)
  1. 10 February, 07:23
    0
    - the number of failing banks

    Explanation:

    The savings and loans crisis of the 1980s was the failure of about 747 of the 3,234 savings and loan associations in the United States. A savings and loans or "second hand" financial institution is an institution that accepts savings deposits and makes mortgages, and other personal loans to individual members of a cooperative enterprise known in the United Kingdom as a Real Estate Loan Company. "As of December 31, 1995, the Resolution Trust Corporation estimates that the total cost for the resolution of the 747 bankrupt institutions was $ 87.9 billion." The rest of the rescue plan was paid for charges to the savings and loan accounts that contributed to the large budget deficits of the 1990s.
  2. 10 February, 07:36
    0
    Honestly these four aren't great examples of why we had the crisis. If i had to choose it would be D
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The savings and loan crisis in the 1980s was a result of - the cost of the military - the federal budget surplus - the number of new taxes ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers