History, asked by rsjy, 1 year ago

how did the economic crisis begin in the USA

Answers

Answered by Lakshanyacs
59
When USA helped Germany in clearing debts of 'THE TREATY OF VERSAILLAISE', it itself got in debt and stopped helping GERMANY.
Answered by bestanswers
45

                                  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.

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