English, 11.03.2021 01:00 vitothebest1

What happened in 2008 and 2009

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Answer from: aurorra

1 ) Lack of investor confidence in bank solvency and declines in credit availability led to plummeting stock and commodity prices in late 2008 and early 2009. The crisis rapidly spread into a global economic shock, resulting in several bank failures.2 ) Deregulation in the financial industry was the primary cause of the 2008 financial crash. The 2008 financial crisis has similarities to the 1929 stock market crash. Both involved reckless speculation, loose credit, and too much debt in asset markets, namely, the housing market in 2008 and the stock market in 1929.3 ) Hedge funds, banks, and insurance companies caused the subprime mortgage crisis. Hedge funds and banks created mortgage-backed securities. When the Federal Reserve raised the federal funds rate, it sent adjustable mortgage interest rates skyrocketing. As a result, home prices plummeted, and borrowers defaulted.4 ) When Obama came to office in Jan 2009, the US economy was in a deep recession, with falling real GDP, high unemployment and rising levels of government borrowing. As President, Obama oversaw a moderate fiscal expansion which helped to promote economic recovery and falling unemployment.

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mark me as brainlist, if it helped you friend.

Answer from: Quest

quite an interesting way to teach topic sentences, because the answer to this question is the best definition of a topic sentence that one can present, it is as if answering the questions taught you how to do it, this is some real teaching, it is terribly well-done.

the topic sentence in this paragraph is:

topic sentences writers stay on track and keep a paragraph from becoming an aimless collection of sentences about an idea.

which incidentally tells you what a topic sentence should be.

Answer from: Quest

since he could see color, and nobody else could, he didn't find it fair that everyone else in the utopia couldn't see color but him and the giver : d

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