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Explain How the Housing Bubble Collapsed in 2008 to Lead

question 10

Essay

Explain how the housing bubble collapsed in 2008 to lead to a financial crisis.


Definitions:

Wagner Act

The Wagner Act, also known as the National Labor Relations Act of 1935, secured the right of workers to form unions and engage in collective bargaining with employers.

Bargain Collectively

The process by which employees negotiate contracts with their employers regarding wages, benefits, hours, and other conditions of employment through their representatives.

Congress Of Industrial Organizations

A federation of unions that organized workers in industrial unions in the United States and Canada from 1935 until 1955.

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