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The financial collapse in the United States is subject to opinion. However, popular belief is that it began with the housing downturn and then banks began giving out money to people who couldn't afford to repay the loans.
Wiki User
∙ 10y ago
Wiki User
∙ 12y agoBank's excess lending for real estates.
Heavy amount of Non-Performance Assets
Excess spending on Afghanistan and Iraq wars
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Why was the civil war such a tragedy for the United States?
It caused a devision between the North and the South, and created financial problems for the US.
Why did the US economy collapse in 1920?
The United States economy was in recession due to the spending of World War I during the 1920s. This caused the Depression where there was a decline in real products.
What caused the collapse of the United Nations?
The collapse of the United Nations has not occurred. However, various challenges can undermine its effectiveness, such as disagreements among member states, failure to address pressing global issues, and inadequate funding. It is important for member states to work together and make necessary reforms to prevent any potential collapse.
What caused the emergence of nine independent nation states in central Asia?
The collapse of the soviet union.
What was happening in the us in 1841?
The financial implications of 1841 in the United States revolved around President John Tyler's attempt to revive the Second Bank of the United States. Defeat of this bill caused the most violent demonstration to ever take place at the White House.
What caused stricter financial reporting standards?
The impetus for stricter financial reporting was provided by the collapse of the securities market in 1929 and the revelation of massive fraud in a company listed on the New York Stock Exchange (NYSE).
What events around the turn of the 21st century caused a global economic slowdown?
The Asian financial crisis in 1997, followed by the terrorist attacks on the United States in 2001 and Argentina's financial crisis that worsened in 2002, sent the world economy into a global slowdown.
Why does iron collapse when stretched?
Caused
Which nation action caused the United States to fight in ww1?
EGYPT!!!!!!!!!!!
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communism
What caused the bombing in the hiroshima?
It was World War Two. The Japanese invaded the United States naval base in Pearl Harbor, Hawaii. After almost five years and all that killing, The United States got equipped with atomic bombs as the first ones who did. President Truman wanted to end the war and collapse Japan's means to make war ever again.
An example of collapse in a sentence?
The weight of the snow caused the roof to collapse. Her nervous disposition lead to a total collapse.
