Which of the Following Factors Contributed to the Financial Crisis

question 33

Multiple Choice

Which of the following factors contributed to the financial crisis of 2007-2009?

• A)Greece's debt
• B)Subprime mortgages
• C)Drought conditions in the mid-west
• D)Both Greece's debt and subprime mortgages

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Definitions:

Market Revolution

was a period of major economic transformation in the United States during the early 19th century, characterized by rapid developments in transportation, commercialization, and industrialization, leading to the creation of a national market economy.

Walden

A book by Henry David Thoreau, published in 1854, that reflects on simple living in natural surroundings, based on his two-year experience near Walden Pond.

Gibbons v. Ogden

A landmark decision by the U.S. Supreme Court in 1824 that held that the power to regulate interstate commerce was granted to Congress by the Commerce Clause of the Constitution.

Steamboat Navigation

The use of steam-powered vessels to transport goods and passengers across rivers, lakes, and coastal waters, revolutionizing travel and trade in the 19th century.