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One contributing factor to the 2008 economic turn down was the continuing slide in new home building starts and the slow down of the residential and business sales rate.
Another large problem was the $42 Billion advances to AIG under the Fed's Revolving Credit Facility.
This was the so called bail out of a multi national insurance corporation.
The combination of the slow down in the real estate markets and the collapse and subsequent bail out of AIG resulted in the continuing economic problems of 2008. The size of the almost $10 Trillion in US Government debt was another large factor.
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What caused the Whig party to gain strength during the Van Buren presidency?
There was an economic recession that many people blamed Van Buren for causing or at least not fixing.
Which was a major cause of the energy crisis in the early 1970s?
OPEC refused to sell oil to the United States The OPEC embargo on oil sales to countries supporting Israel The conflict over Israel
Why did the policy of localism fail to provide economic relief?
City and State governments had few resources to relieve the crisis.
Which event is the BEST example of a conflict over states' rights?
Nullification Crisis
What agreement attempted to address a crisis over slavery?
The Missouri Compromise was the first attempt to ease the looming crisis over slavery. It effectively prevented the spread of slavery into new states but did nothing to eliminate slavery in current slave states.
