Why Did the Bursting of Bubbles in 2007 Lead to Financial

question 60

Essay

Why did the bursting of bubbles in 2007 lead to financial meltdowns,rather than just mild recessions?

---

Definitions:

Substance

The fundamental physical matter or material that makes up an object or individual.

Digestive System

A group of organs and glands responsible for the breakdown of food into nutrients, which the body uses for energy, growth, and repair.

Endoderm

One of the three primary germ layers in the early embryo that develops into the interior linings of the digestive system and the respiratory system.

Cells

The basic structural, functional, and biological units of all known living organisms, acting as the building blocks of life.