What major factor(s)led to the U.S.economic woes which started in 2007?
A) U.S.overseas military engagements.
B) A decline in real estate values which resulted in increased mortgage defaults and foreclosures and a decline in financial markets.
C) The European economic crisis.
D) Inflation and manufacturing outsourcing.
E) None of the above.

Question

Quizplus · Accepted Answer

The decline in real estate values caused increased mortgage defaults and foreclosures, which led to a decline in financial markets. This ultimately resulted in the U.S. economic woes that began in 2007. While the other factors listed may have contributed to economic challenges, they were not the primary cause of the 2007 economic crisis.

What Major Factor(s)led to the U