what triggered the financial crisis of 2008 in the united states?\no global stock markets collapsed.\no…
what triggered the financial crisis of 2008 in the united states?\no global stock markets collapsed.\no global industrial production slowed.\no american banks stopped making loans.\no american housing prices dropped.
Answer
Brief Explanations:
The 2008 U.S. financial crisis was mainly triggered by the collapse of the sub - prime mortgage market. As American housing prices dropped, mortgage - backed securities lost value, causing major financial institutions to face huge losses and triggering a financial panic. Global stock markets collapsing and industrial production slowing were consequences rather than triggers. American banks didn't stop making loans as a trigger but rather due to the crisis.
Answer:
American housing prices dropped.