The financial crisis in the United States in 2008 was largely triggered by

Question

Quizplus · Accepted Answer

The financial crisis in the United States in 2008 was largely triggered by a sharp decline in the housing market. This was caused by a number of factors, including the subprime mortgage crisis, the proliferation of risky financial instruments, and inadequate regulatory oversight. The housing market collapse led to a ripple effect throughout the economy, causing widespread job losses, bank failures, and a significant contraction in economic activity.

The Financial Crisis in the United States in 2008 Was