The greatest economic crisis since the Great Depression started in 2007 likely as a result of what economic practice?

Question

Quizplus · Accepted Answer

The greatest economic crisis since the Great Depression, often referred to as the Great Recession, began in 2007 largely due to a rise in subprime lending by banks. This practice involved banks giving loans to borrowers who were less likely to be able to repay them, leading to a significant number of defaults and the eventual collapse of the housing market.

The Greatest Economic Crisis Since the Great Depression Started in 2007