what was a major cause of the us recession that began in 2008?\n○ defaults on mortgages for homes\n○…

what was a major cause of the us recession that began in 2008?\n○ defaults on mortgages for homes\n○ consumers not buying new homes\n○ damage from hurricane katrina\n○ a rise in the american stock market

what was a major cause of the us recession that began in 2008?\n○ defaults on mortgages for homes\n○ consumers not buying new homes\n○ damage from hurricane katrina\n○ a rise in the american stock market

Answer

Brief Explanations:

The 2008 - 2009 US recession was largely triggered by the sub - prime mortgage crisis, where defaults on home mortgages led to a financial meltdown. Hurricane Katrina occurred in 2005 and a rise in the stock market is not a cause of recession. Consumers not buying new homes is a consequence rather than a major cause of the 2008 recession.

Answer:

defaults on mortgages for homes