What led to the 2008 financial crisis

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01-06-2021
Social Studies

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What led to the 2008 financial crisis

5 Sentences

Sagot :

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gandrews86 gandrews86 · Answer 1 · 2021-06-02T00:05:36-04:00

The primary cause of the financial crisis was finance industry deregulation. As a result, banks were able to use derivatives to trade hedge funds. To finance the successful selling of these derivatives, banks required additional mortgages. This also included the American Recovery and Reinvestment Act as they played a role in the cause. As a result, the Great Recession was triggered by a financial crisis.

i don't know if this helped :l

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