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17 August, 02:35

What triggered the financial crisis of 2008 in the United States?

Global stock markets collapsed.

Global industrial production slowed.

American banks stopped making loans.

American housing prices dropped.

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  1. 17 August, 06:06
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    It was mostly that "American housing prices dropped" that triggered the financial crisis of 2008 in the United States, since people quickly saw their greatest investments declining rapidly.
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