One fundamental factor that caused the major global economic crisis in 2008 was the absence of appropriate, effective regulation of the financial markets.

Question

One fundamental factor that caused the major global economic crisis in 2008 	was the absence of appropriate, effective regulation of the financial markets.

Quizplus · Accepted Answer

The financial crisis of 2008 was caused, in part, by the lack of proper regulation within the financial markets. Poor lending practices and risk-taking behaviors were unchecked and led to a collapse of the housing market, which then spread to the rest of the economy.

One Fundamental Factor That Caused the Major Global Economic Crisis