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The government played a significant role in causing the Great Recession primarily through its policies promoting homeownership and lax regulation of financial institutions. Programs encouraging subprime lending allowed many borrowers with poor credit histories to obtain mortgages, leading to a housing bubble. Additionally, regulatory oversight was weakened, permitting excessive risk-taking by banks and financial firms. These factors combined to create a financial crisis when housing prices plummeted, ultimately resulting in widespread economic collapse.

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3w ago

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What role did the government play in causing the Great Recession?

The government played a significant role in causing the Great Recession through its policies that encouraged risky lending practices. The push for increased homeownership, particularly through agencies like Fannie Mae and Freddie Mac, led to the proliferation of subprime mortgages. Additionally, the lack of regulatory oversight over financial institutions allowed for excessive risk-taking and the creation of complex financial products. This combination of factors contributed to the housing bubble and subsequent collapse, triggering the recession.


Does religion play a major part in Great Britain's government?

Yes.


What role did great Britain's colonies play in causing the industrial revoltion?

They provided Britain’s factories with raw materials.


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(Apex) They provided British factories with raw materials.


What roles did Great Britain's colonies play in causing the Industrial Revolution?

(Apex) They provided British factories with raw materials.


Which of the following roles did Great Britain's colonies play in causing the Industrial Revolution?

(Apex) They provided British factories with raw materials.


which of the following roles did great britain’s colonies play in causing the industrial revolution?

(Apex) They provided British factories with raw materials.


How long will the ression be?

It is difficult to predict exactly how long a recession will last as it depends on various economic factors and policies. Recessions can vary in duration, but typically last for a few months to a few years. Government interventions and economic stimulus measures play a role in the length and severity of a recession.


What role does great britain play in canada's government now?

None. Though many Canadians believe they or their government answers to British Royalty this is not true. Britain, their Royalty, their government has no active role to play in an Canadian government. Even our ceremonial roles do not need any British role or connection. We could hire an actor to play the role of our Queen or that of a Governor General and it would have the same effect.


Who knows the musical Do Wop Wed Widing Hood?

I do. Its funny and a great play. I do. Its funny and a great play. I do. Its funny and a great play. I do. Its funny and a great play. I do. Its funny and a great play. I do. Its funny and a great play.


What is the impact of recession on Saudi Arabia?

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What important role did the advanced farming technologies play in causing the industrial revolution in great Britain?

They allowed a small rural population to provide food for a large urban population.