Housing market collapse caused the Great Recession of 2008-2009.
Option-A
Explanation:
The Great Recession—some of the time alluded to as the 2008 Recession—in the United States and Western Europe has been connected to the purported "subprime contract emergency."
Subprime contracts are home advances allowed to borrowers with poor records as a consumer. Their home advances are viewed as high-hazard advances.
With the lodging blast in the United States in the right on time to mid-2000s, contract moneylenders looking to exploit rising home costs were less prohibitive as far as the sorts of borrowers they endorsed for advances.
Furthermore, as lodging costs kept on ascending in North America and Western Europe, other money related foundations procured a huge number of these dangerous home loans in mass (normally as home loan sponsored protections) as a speculation, with expectations of a fast benefit.
