Summarize the causes and effects of the recession that began in the mid-2000s

PLS ANSWER FAST I WILL GIVE BRAINLIEST

Answers

Answer 1

Answer:

Also known as the Great Recession, it began around 2006-2007 within the United States and quickly spread to most major economies in the world.

The causes of the Great Recession began in the United States, when a lot of people who were not eligible for mortgage were given loans to buy homes. The US government's through Fannie Mae and Freddy Mac wanted to provide cheap housing for as many people as possible.

Through Big banks, they were able to provide risky loans to as many people as possible. This eventually gave rise to a huge construction boom and Financial institutions in New York and around the world, started to take advantage of this boom and sell more and more financial instruments.

However, as these home owners began to default on their payments, they were forced to give up their homes, consequently disturbing the whole constriction boom and effecting everyone who had invested in these projects.

The exposure was felt around the world as multi-billion hedge funds, investors and huge retirement funds has invested in these.

The stock market crashed, thousands of people went bankrupt and many large companies including Lemming Brothers collapsed after 100 years of operation.

For the next 5 years, most industrialized countries in the world struggled to coupe with the recession. Unemployment rose, countries defaulted, which also effected the retail industry. It took years before business confidence could rise again.

Explanation:


Related Questions

Write an argumentative essay in which you state and defend a claim about whether Dr. Jekyll is responsible for the crimes committed by Mr. Hyde.

Answers

Answer:

hi

Explanation:

I'm just figuring this out and my brother said you get answers, or help people with answers is that correct

Answer:

whether Dr. Jekyll is to blame for Mr. Hyde’s crimes

Explanation:

What message did Nixon send by choosing Henry Kissinger as
his key advisor on national security and international affairs?

Answers

Answer:

By choosing Kissinger as a National Security Advisor, Nixon send a message that regardless of political contradictions, choosing a right person is vital for a nations growth.

Explanation:

Richard Nixon served as the 37th President of the United States from 1969-1974. After he was elected the President of the United States, he chose Henry Kissinger to be his National Security Advisor.

Henry Kissinger previously made remarks on Nixon's presidency and considered him unworthy to hold the position. Despite such remarks from Kissinger, Nixon chose him as his National Security Advisor. By doing so, Nixon sent a strong message that despite having political contradictions, choosing the right person is important. By choosing Kissinger, Nixon made the right decision for his country's growth.

The message that Nixon sent a message by appointing Kissinger as National Security Advisor: regardless of political differences, selecting the proper person is critical for a country's success.

Why did Nixon choose Kissinger as his key advisor?

Nixon and Kissinger were both devoted to realism that concentrated on American economic advantages while eschewing moralism in policy about foreign.

As Nixon's National Security Adviser, Kissinger pioneered the detente approach with the Soviet Union, aiming to reduce tensions between the two superpowers.

Thus, the reason Nixon gave is selecting the proper person is important for the country.

Learn more about Nixon and Kissinger here:

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1 point
True or False: Prohibition disproportionately affected lower-class poor
Americans because they could not afford to pay the gangster's high prices
for safe alcohol. Therefore, many people got sick and died from drinking
cheap, unregulated alcohol.*
True
False

Answers

Answer:

False.

Explanation:

The Prohibition period, which lasted from 1920 to 1933, was a moment in American history during which the consumption, manufacture, and marketing of alcoholic beverages was prohibited throughout the nation.

During this period, the legal sale of alcohol was cut, giving way to the illegal trade of these products by the gangsters of the time, who imported it from Canada or made it themselves. However, this practice did not have a significant impact on the low-income population, since this, due to high costs, could not access the beverages that were offered in the illegal market.

Washington from French Emperor,
7. The Louisiana Territory was purchased by representatives to President George
A. True
B. False

Answers

False, France authorized the purchase

1. The FDIC was created by this of
these?

Answers

Answer:

The Bank Holiday

Explanation:

In the video

What are the following statements about democracy party is the most accurate

Answers

Answer:

is there answer choices?

Explanation:

what was douglass's opinion on popular sovereignty​

Answers

Answer:

Fearing that the issue might disrupt the Republic, he argued for the doctrine of popular sovereignty-the right of the people of a state or territory to decide the slavery question for themselves-as a Union-saving formula.

Explanation:

Jimmy Carter refused to play the ________ game as President of the United States

Answers

Answer:

the Olympic games

Explanation:

PLEASEGIVE BRAINLIEST!!!!!

What is the 2nd amendment?

Answers

Answer:

The Second Amendment to the United States Constitution secures the option to keep and carry weapons. It was sanctioned on December 15, 1791, alongside nine different articles of the Bill of Rights.

Explanation:

Answer: It says people have the right to own a gun.

Explanation:

A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.

Explain how the islands of Sicily and Sardinia positively impacted ancient Romans.

Answers

Answer:

Sicily was vital to the Romans as a point of supply, as a centre for controlling the western Mediterranean, and for keeping a close watch on Carthage. Roman bureaucracy in Sicily increased as the island steadily became more important to the legions as a source of grain.

While Sardinia provided Rome with much of the grain supply during the times of the Roman Republic, Corsica did as well with wax to the Empire. Moreover, among all the Western Roman provinces, Sardinia provided the biggest number of sailors to the Roman military fleets.

Explanation:

take a very carefully look at the pictures below. write a brief paragraph of the photo using imagery, diction and figures of speech​

Answers

Answer:

this picture shows nursing who mitigate the case of corona virus

Need help!

How does your family prepare for a typhoon and other possible weather
disturbances?​

Answers

Answer:

By packing an emergency kit and knowing escape routes

Explanation:

Which of the following is NOT true of women serving in war?

Answers

Answer:

Hey! can you show me the picture of it please?

does any on want to play 2048 if you do the code will be kbb

Answers

Answer:

Ok I will play !!!!!!!!

What does the CIA stand for and what is the government agency role

Answers

Answer:

CIA stands for Central Intelligence Agency. Their role is to collect, analyze, and evaluate, foreign intelligence, and perform covert actions.

The Central Intelligence Agency , known informally as "The Agency" and "The Company", is a civilian foreign intelligence service of the federal government of the United States, officially tasked with gathering, processing, and analyzing national security information from around the world, primarily through the use of human intelligence (HUMINT). As a principal member of the United States Intelligence Community (IC), the CIA reports to the Director of National Intelligence and is primarily focused on providing intelligence for the President and Cabinet of the United States.

what is the Ancient Chinese Beliefs chart

Answers

Three major religions or philosophies shaped many of the ideas and history of Ancient China. They are called the three ways and include Taoism, Confucianism, Buddhism, and Legalism.
Taoism
Taoism was founded during the Zhou Dynasty in the 6th century by Lao-Tzu. Lao-Tzu wrote down his beliefs and philosophy in a book called the Tao Te Ching.
Taoism believes that people should be one with nature and that all living things have a universal force flowing through them. Taoists didn't believe in a lot of rules or government. In this way they were very different from the followers of Confucius.
The idea of Yin and Yang comes from Taoism. They believed that everything in nature has two balancing forces called Yin and Yang. These forces can be thought of as dark and light, cold and hot, male and female. These opposing forces are always equal and balanced.
Confucianism
Not long after Lao-Tzu founded Taoism, Confucius was born in 551 BC. Confucius was a philosopher and thinker. Confucius came up with ways that people should behave and live. He didn't write these down, but his followers did.
Confucius' teachings focus on treating others with respect, politeness, and fairness. He thought that honor and morality were important qualities. He also said that family was important and honoring one's relatives was required. Unlike Taoists, followers of Confucius believed in a strong organized government.

Buddhism
Buddhism was based on the teachings of Buddha. Buddha was born in Nepal, just south of China, in 563 BC. Buddhism spread throughout much of India and China. Buddhists believe in a "rebirth" of the self. They also believe that the cycle of rebirth is complete once a person lives a proper life. At this point the person's soul would enter nirvana.
Legalism
Idea of Legalism: Punishment for bad behavior and a reward for good behavior. Legalists believe the people of
China should work to serve the government and the emperor Shi Huangdi demands ALL BOOKS BE BURNED except books on Medicine, Technology, and Farming. Hope this helps! Mark brainly please!

Which president would have been most likely to agree that access to higher
education among impoverished Americans required government
intervention?
A. Lyndon B. Johnson
B. Richard Nixon
C. George H. W. Bush
D. Ronald Reagan

Answers

A. Lyndon B. Johnson

How did China change during the song dynasty.

Answers

Answer:

The Population Grew , Technology Advanced

Explanation:

According to sources

More people started to live in the cities which caused the population to grow and when the song released technology increased in agriculture.

8. How did Japan use enslaved people from territory they conquered during World War II?
O A. To build infrastructure projects
OB. As servants on the home islands
O C. As conscripts in the army
O D. To carry military supplies

Answers

The enslaved people from territory they conquered during World War II were used as conscripts in the army and to carry military supplies.

What use of the enslaved people served the Japanese?

In japan, the enslaved people from the territory they conquered during World War II was used to serve in the local Japanese military units.

Hence, the enslaved people from territory they conquered during World War II were used as conscripts in the army and to carry military supplies

Therefore, the Option C and D is correct.

Read more about enslaved people

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Answer:

D. To carry military supplies

Until it was destroyed, the Library of Alexandria was important in Ancient Egypt because

A) Pharaoh Ramses II was buried there.
B) it taught most Egyptians how to read & write.
C) it served as center of learning and scholarship.
D) Caesar constructed it during his conquest there.

Answers

Answer:

The library of Alexandria was important in Ancient Egypt because C. it served as a center of learning and scholarship.

Hope this Helps!

People who choose not be part of either party are known as ______________.
a.
independents
b.
conservatives
c.
moderates
d.
liberals

Answers

Answer:

Independents

Explanation:

Answer: Hewo, there! your answer is Below

a.

independents Would be the correct answer

Explanation:

An independent voter, often also called an unaffiliated voter in the United States, is a voter who does not align themselves with a political party.

Hope this helps !!!

have a  great day!!!

How old would cleopatra be today? How old would her parents be 200 years from now?

Answers

Answer:

Celo: 1952

Explanation:

I couldnt find how old her parents were though so...

Answer:

2090 years old today

Explanation:

PLS HELP!!!! WILL MArK BRAINLIEST IF IT IS CORRECT!!!

What was one of the main reasons Europeans were able to conquer the Aztec
Empire?
A. They convinced Aztec slaves to rise up against the empire,
B. They got help from cities within the empire.
C. They convinced the Aztec people to change their religion.
O
D. They were very popular with Aztec leaders,

Answers

Answer:

I think the answer is B

Sorry if I am wrong :(

What’s is the purpose of government, according to Hobbes? What type of government does he propose?

Answers

Answer:

Thomas Hobbes believed that the purpose of government was to reign in the natural desire of man to be evil, chaotic, and violent.

Hobbes promoted that monarchy is the best form of government and the only one that can guarantee peace.

Asian reactions to Western claims of racial and cultural superiority, such as the reaction by Shigenobu in the passage, were also instrumental
in the period 1918-1945 in the
O growing popularity of laissez-faire economic policies in Asian states
O growing number of conversions to Christianity among Asian peoples
O intensification of anti-imperial resistance activities and independence movements
O establishment of European immigrant enclaves in many parts of South and East Asia

Answers

Answer:

intensification of anti-imperial resistance activities and independence movements

Explanation:

Asian reactions to Western claims of racial and cultural superiority were strongly grounded in the activities of anti-imperialist resistance and independence movements, especially in relation to European cultures that established a strong imperialist policy, which reinforced the idea of racial superiority, being highly damaging for the whole world and damaging world peace and intensifying scenarios of intolerance, xenophobia, disrespect and racism.

This natural resource supports the economy of many nations in the region.

a. fertile soil
b. uranium
c. petroleum
d. coal

Answers

Answer:

c. petroleum

Explanation:

Hope this helped!!

Here is a joke to brighten your day!

A woman gets onto a bus with her baby.

The bus driver says, “That’s the ugliest baby that I’ve ever seen. Ugh!”

The woman goes to the rear of the bus and sits down, fuming. She says to a man next to her, “The driver just insulted me!”

The man says, “There’s no call for that. You go right up there and tell him off. Go ahead, I’ll hold your monkey for you.”

Describe the conditions that Soviet soldiers faced during the Battle of Stalingrad

Answers

Answer:

me pueden ayudar en mis tareas también

why was berlins location controversial​

Answers

Answer:

The Berlin Crisis started when the USSR launched an ultimatum demanding the withdrawal of all armed forces from Berlin, including the Western armed forces in West Berlin. The crisis culminated in the city's de facto partition with the East German erection of the Berlin Wall.

Explanation:

Question 7
Gambling in the long run can never be an investment and is always about losing
money, not making money.
True.
False.

Answers

I believe it is false option 2

The negative impact of President Reagan’s involvement in the Iran-Contra Affair was offset by the
invasion of Grenada.
signing of the INF Treaty.
release of hostages in Iran.
ousting of the Sandinistas.

Answers

Answer: B

Explanation: edg 2021

The negative impact of President Reagan’s involvement in the Iran-Contra Affair was offset by the signing of the Intermediate-Range Nuclear Forces Treaty (INF).

What do you know about the Iran-Contra affair?

The Iran-Contra affair took place during President Ronald Reagan's second term in office. The issue arose because President Reagan did not maintain the momentum created by his colleagues, and that momentum collapsed. This made him look bad as President.

However, when he signed the Intermediate-Range Nuclear Forces Treaty(INF), a treaty that established forces in the United States and the Soviet Union, people began to respect him more.

Therefore, the signing of INF Treaty offset President Reagan's involvement in the Iran-Contra affair.

learn more about  Iran-Contra affair here:

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