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The current US Subprime economic crisis caused the stock market crash in 2008 Due to lack of liquidy people started selling off their stocks to make cash. This caused a massive selling of stocks which in turn made the market crash
The idea that in 2008 or other years near that date consisted to be a "Great Depression" is false. As an example, the unemployment rate in the depression of the 1930's was 25% of the workplace. Also, a stock market crash was demonstrated on several occasions in the late twenties as an example. No such fall in prices to the extent of that economically recognized "crash" happened in 2008 or years near that year.Some of the weaknesses in the United States economy in the midst of the fall in stock prices were low quarterly economic growth numbers, an unstable employment level, low housing values and unconventional asset purchases by the Federal Reserve Bank of NY.
It is usually referenced as the time period beginning mid 2008 to the end of 2009. Although, some still make the case it is still on-going.
The similarities are striking according to Bernard C. Beaudreau, professor of economics at Université Laval and author of "How the Republicans Engineered the Stock Market Crash of 1929 and the Financial Meltdown of 2008." He argues that both were the result of unsutainable policy measures aimed at propping up aggregate demand - the Smoot-Hawley Tariff Bill in 1929 and financial deregulation (increasing household debt) in 2008. When it became obvious that both would fail, financial markets plunged. He points out a little known fact, namely that on the day of the first stock market crash in October 1929, the Smoot-Hawley Tariff Bill suffered its worst day ever in Congress. The upshot of his work is that financial markets are not to blame, rather poorly thought-out government policy is!
Due to the market crash in the late 2008's, banks closed up the gap for easy mortgage availability. You must have a good credit score and be approved by the bank to receive the loan.
10 trillion
Because Chuck Norris is cool.
Sept 21, 2008
The current US Subprime economic crisis caused the stock market crash in 2008 Due to lack of liquidy people started selling off their stocks to make cash. This caused a massive selling of stocks which in turn made the market crash
Sallie Mae, a student loan association, was able to survive the stock market crash by privatizing their company. By privatizing their company stock holders were not able to get in and grab a share making it safer and more effective in not losing their profits.
It is generally believed to have started with the stock market crash of October 1929. It was caused chiefly by inflation.
2008
hi reasons for the market to crash include; 1in 2008 the lehman faulire destroyed investor confidence dody99
in 2008
2008
A "crash" is currently defined as a drastic and rapid decline of stock values across the board. The crash of October 1929 is the most prominent, and a smaller one occurred in 1987 following the Savings & Loan scandal. Since then, while there have been several incidents of notable rapid declines in general stock values, none (including the 2008-9 decline) are generally considered to be drastic enough to be classed as a "crash".
The arbitrary home loans allowed against inadequate security is the prime reason for the downfall of U.S. stock market in 2008.The corrupt officials siphoned off money and made their fortune,allowing the U.S. economy to a total disarray.