Question

How did economic crises begin in USA?

Answer 1

Economic crises begun in USA after the fall of the world biggest stock exchange wall street exchange and due to its effect many people became unemployed. Millions of shares sold on a single day. Factories and markets vegun to shut down .People starts indulging in criminal activities etc and there starvation occur.

Answer 2

The economic crisis in the US started in the home mortgage market, mainly the market called 'subprime' mortgage and is now spreading beyond sub primes to prime mortgages, corporate junk bonds and other forms of debt. The crisis led to a sharp reduction in bank lending, thus causing a severe recession in the US economy.