what happened after bank lending slowed in the united states in the mid - 2000s?\no american housing prices…
what happened after bank lending slowed in the united states in the mid - 2000s?\no american housing prices began to drop.\no us and global stock markets collapsed.\no homeowners could not pay mortgages.\no the american auto industry collapsed.
Answer
Brief Explanations:
In the mid - 2000s, when bank lending slowed in the US, it was part of the lead - up to the 2008 financial crisis. A key event was the collapse of US and global stock markets as the credit crunch spread and investor confidence plummeted. Housing prices had already started dropping before lending severely slowed, homeowners' mortgage problems were due to sub - prime lending issues earlier, and the auto industry collapse was more a result of the overall economic downturn rather than just the slowdown in bank lending.
Answer:
B. US and global stock markets collapsed.