based in 2008 financial crisis, what caused the economy to go in a downward spiral

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07-11-2018
Business

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based in 2008 financial crisis, what caused the economy to go in a downward spiral

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Bluebrid2004 Bluebrid2004 · Answer 1 · 2018-11-07T03:50:04+01:00

Bluebrid2004 Bluebrid2004

07-11-2018

1. BANKS CREATED TOO MUCH MONEY

2. USED THIS MONEY TO PUSH UP HOUSE PRICES AND SPECULATE ON FINANCIAL MARKETS

3. EVENTUALLY THE DEBTS BECAME UNPAYABLE

4. THIS CAUSED A FINANCIAL CRISIS

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jessicamouton1982 jessicamouton1982 · Answer 2 · 2018-11-07T04:14:35+01:00

jessicamouton1982 jessicamouton1982

07-11-2018

banks created to much miney

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