The Global Financial Crisis was caused by

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The Global Financial Crisis was primarily caused by falling asset prices, particularly in the housing market, which led to a widespread decline in the value of mortgage-backed securities and other financial instruments. This in turn caused significant losses for banks and other financial institutions, leading to a crisis of confidence in the financial system overall. While factors such as decreased business investment spending and higher interest rates certainly played a role in exacerbating the crisis, the root cause was ultimately the collapse of asset prices.

The Global Financial Crisis Was Caused by