How did the U.S.government respond to the financial crisis of 2008?

Question

Quizplus · Accepted Answer

The U.S. government responded to the financial crisis of 2008 by intervening in the economy to an unprecedented extent. This included the Troubled Asset Relief Program (TARP) which authorized the government to purchase troubled assets from financial institutions, as well as the American Recovery and Reinvestment Act (ARRA) which provided stimulus spending and tax cuts to boost the economy. The government also bailed out major corporations such as General Motors and AIG.

How Did the U