History, asked by hirthickkumaran9013, 1 year ago

How did economical crises begun in America

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Answered by Pramodkumarhani

0

It began in 2007 with a crisis in the subprime mortgage market in the United States, and developed into a full-blown international banking crisiswith the collapse of the investment bank Lehman Brothers on September 15, 2008. ... The crisis wasnonetheless followed by a globaleconomic downturn, the GreatRecession.

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