A major consequence of the corporate scandals in 2008 was __________.

Question

Quizplus · Accepted Answer

The corporate scandals in 2008 led to a loss of public trust in the financial industry and companies in general, as many people saw the unethical behavior of corporations and executives. This loss of trust had a significant impact on the economy and society as a whole. The other options are not accurate as there was not a permanent collapse of the stock market or elimination of the U.S. underclass, and while there may have been an increase in security measures, it was not a major consequence of the scandals.

A Major Consequence of the Corporate Scandals in 2008 Was