Question

HELP ASAP
Explain why the Economic crisis occurred (3-5 sentences):

Answer 1

Explanation:The financial crisis happened because banks were able to create too much money, too quickly, and used it to push up house prices and speculate on financial markets.

Answer 2

The financial crisis was primarily caused by deregulation in the financial industry. That permitted banks to engage in hedge fund trading with derivatives. Banks then demanded more mortgages to support the profitable sale of these derivatives. ... That created the financial crisis that led to the Great Recession.

Explanation: id switch up the wording a bit lol