One factor which brought on the recession of 2007-2009 was the end of the housing bubble.

Question

Quizplus · Accepted Answer

The collapse of the housing bubble, characterized by a significant decline in housing prices and foreclosures, was one of the main factors that triggered the Great Recession of 2007-2009. The bubble was fueled by a combination of easy credit, speculation, and high demand for housing, which led to an unsustainable increase in prices and an oversupply of housing units. When the bubble burst, many homeowners found themselves underwater on their mortgages, and financial institutions that held mortgage-backed securities suffered significant losses, leading to a credit crunch and a sharp contraction in economic activity.

One Factor Which Brought on the Recession of 2007-2009 Was