What triggered the financial crisis of 2008 in the United States?

1 Answer
Cronus G.
Nov 29, 2016

Greed. The American economy is built on credit. Eventually the credit went unchecked in the country, and it got out of control.

Explanation:

How it happened?
Banks were able to create to much money ( too quickly ). In result, they used the money to push up house prices and speculate on financial markets

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