Hat was a major cause of the us recession that began in 2008?

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Ryker Watts

Social Studies

16 December, 04:32

Hat was a major cause of the us recession that began in 2008?

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Curtis Gilmore · Answer 1

It all started when many institutions had invested in risky securities but they lost much of their value when the US and European housing bubble began to deflate between 2007 to 2009. This led to the failure of major financial institutions globally and was the proximate cause of the 2008 US crisis.