what triggered the financial crisis of 2008 in the united states?\nglobal stock markets collapsed.\nglobal…
what triggered the financial crisis of 2008 in the united states?\nglobal stock markets collapsed.\nglobal industrial production slowed.\namerican banks stopped making loans.\namerican housing prices dropped.
Answer
Brief Explanations:
The 2008 U.S. financial crisis was sparked by the collapse of the sub - prime mortgage market, which was closely related to the drop in American housing prices. As housing prices fell, mortgage - backed securities lost value, leading to losses for financial institutions and a credit crunch.
Answer:
American housing prices dropped.