The immediate cause of the 2006-2010 economic crisis was:

Question

Quizplus · Accepted Answer

The immediate cause of the 2006-2010 economic crisis was the bursting of the U.S. housing bubble. This was caused by the widespread issuance of subprime mortgages, which were given to people with poor credit ratings, and were often packaged together with other mortgages and sold as securities to investors. As these mortgages began to default, the value of these securities plummeted, leading to a financial crisis that spread throughout the global economy.

The Immediate Cause of the 2006-2010 Economic Crisis Was