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

what was a major cause of the us recession that began in 2008?\ndefaults on mortgages for homes\nconsumers not buying new homes\ndamage from hurricane katrina\na rise in the american stock market

what was a major cause of the us recession that began in 2008?\ndefaults on mortgages for homes\nconsumers not buying new homes\ndamage from hurricane katrina\na rise in the american stock market

Answer

Brief Explanations:

The 2008 US recession was largely triggered by the sub - prime mortgage crisis. Banks had issued many risky mortgages, and when borrowers defaulted on these home mortgages, it led to a collapse in the housing market and a ripple - effect throughout the financial system. Hurricane Katrina occurred in 2005 and while it had economic impacts, it wasn't the main cause of the 2008 recession. A rise in the stock market is not a cause of a recession. Consumers not buying new homes was a consequence rather than a major initial cause.

Answer:

defaults on mortgages for homes