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what are the effects and causes of the 2008 global crises especially in the usa?

Sagot :

poojanpatel737

Answer:

Causes: Unregulated handing out of loans to people with low credit scores, low interest rates, terrible subprime mortagages.

Effects: Housing market crash led to millions of foreclosures, near 10% unemployment rate, deepest and longest recession in history since the great depression.

Explanation:

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