Question

how did the economic crices started in USA

Answer 1

THE U.S. economy is currently experiencing its worst crisis since the Great Depression. The crisis started in the home mortgage market, especially the market for so-called “subprime” mortgages, and is now spreading beyond subprime to prime mortgages, commercial real estate, corporate junk bonds, and other forms of debt. Total losses of U.S. banks could reach as high as one-third of the total bank capital. The crisis has led to a sharp reduction in bank lending, which in turn is causing a severe recession in the U.S. economy.

Answer 2

USA used his resources ,money and all weapons in world war 1 so the economic crisis starts in USA as well as 95%of world faced this . It was also called the great depression of countries