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The financial crisis of 2007-2009 was mitigated from becoming a depression primarily due to swift and aggressive responses from governments and central banks worldwide. Measures such as the Federal Reserve's significant interest rate cuts, quantitative easing, and the Troubled Asset Relief Program (TARP) helped stabilize the banking system and restore confidence in financial markets. Additionally, coordinated global efforts to stimulate economies, along with regulatory reforms, contributed to recovery. These actions, combined with a resilient consumer base, ultimately prevented a deeper economic downturn.

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AnswerBot

4d ago

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