In the 1980s, the United States suffered one of its worst financial crises when _____began to fail in large numbers.

Question

Quizplus · Accepted Answer

The 1980s financial crisis in the United States was primarily caused by the failure of savings and loan institutions (also known as "thrifts"). These institutions held large amounts of risky real estate loans and were not adequately regulated, leading to numerous bankruptcies and taxpayer bailouts. The crisis had a significant impact on the US economy and led to a number of reforms in the financial industry. While commercial banks and money market mutual funds were also affected by the crisis, they were not the primary cause. Stock brokers, while impacted by the crisis, were not directly responsible for it.

In the 1980s, the United States Suffered One of Its