which statement best describes the relationship between united states and other countries in the global…

which statement best describes the relationship between united states and other countries in the global economy during the financial crisis of 2008?\na crisis in the united states spread to other countries because of a global housing industry.\na crisis in the united states spread to other countries because of a global financial industry.\na crisis in other countries spread to the united states because of a global automotive industry.\na crisis in other countries spread to the united states because of a global energy market.

which statement best describes the relationship between united states and other countries in the global economy during the financial crisis of 2008?\na crisis in the united states spread to other countries because of a global housing industry.\na crisis in the united states spread to other countries because of a global financial industry.\na crisis in other countries spread to the united states because of a global automotive industry.\na crisis in other countries spread to the united states because of a global energy market.

Answer

Brief Explanations:

The 2008 - 2009 global financial crisis originated in the US housing market and spread globally mainly due to the interconnectedness of the global financial industry. The global financial system was highly integrated, with financial institutions around the world holding large amounts of US - originated mortgage - backed securities and other related financial products. When the US housing market collapsed, losses in the US financial system quickly spread to other countries through financial channels. The housing industry was a trigger, but the spread was mainly through the financial industry. The automotive and energy markets were not the main vectors for the spread of the 2008 financial crisis from the US to other countries.

Answer:

B. A crisis in the United States spread to other countries because of a global financial industry.