History, asked by ips420, 1 year ago

How did economic crisis began in USA?

Answers

Answered by rajbokhariya
3

The crisis started in the home mortgage market,called “subprime” mortgages, and is now spreading beyond subprime to prime mortgages, commercial real estate, corporate junk bonds, and other forms of debt.

Answered by MonarkSingh
5
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In USA, it began with the crash of the Wall Street Exchange in 1929, when USA could not recover back loans Fearing a fall in price, people made frantic efforts to sell their shares.
On a single day, 13 milon shares were sold Factories shut down, banks became bankrupt, exports fell, farmers were badly hit, leading to unemployment.

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