The Worldwide Recession in 2007 Started From

question 84

Multiple Choice

The worldwide recession in 2007 started from:

• A) booming housing prices that ultimately dropped.
• B) a large number of home purchasers who were unable to afford the homes.
• C) easy access to credit in the U.S.
• D) All of the above are correct.

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Definitions:

Settlement House Movement

A social reform movement that began in the late 19th and early 20th centuries, aimed at improving the lives of the poor by establishing community centers in urban areas.

Hull House

A settlement house founded by Jane Addams and Ellen Gates Starr in 1889 in Chicago, aimed at improving social and living conditions for immigrants and the poor.

Denis Kearney

An Irish-American immigrant known for his role in the late 19th century as a labor leader in California, advocating against Chinese immigration.

Chinese Descent

Individuals or populations that originate from China, sharing cultural, linguistic, or ancestral ties to the country.