subject
English, 24.09.2020 04:01 ashiteru123

What is the structure of the passage below? Many people are confused about why our economy went to shambles in 2008. The
crisis was actually the result of a combination of many complex factors. First, easy
credit conditions allowed people who were high-risk or unworthy of credit to borrow,
and even people who had no income were eligible for large loans. Second, banks
would bundle these toxic loans and sell them as packages on the financial market.
Third, large insurance firms backed these packages, misrepresenting these high-risk
loans as safe investments. Fourth, because of the ease of acquiring credit and the
rapid growth in the housing market, people were buying two or three houses,
intending to sell them for more than they paid. All of these factors created bubbles of
speculation. These bubbles burst, sending the whole market into a downward spiral,
causing employers to lose capital and lay off employees. Consumer spending then
plummeted and most businesses suffered. The economy is like a big boat, and once it
gets moving quickly in the wrong direction, it's hard to turn it around.
chronological order
sequence of events
cause and effect
compare and contrast


What is the structure of the passage below?

Many people are confused about why our economy went t

ansver
Answers: 1

Another question on English

question
English, 22.06.2019 03:00
Analyze the graphic organizer below and answer the question that follows. / which element is necessary to complete the graphic organizer? complex sentence prepositional phrase subordinate clause independent clause the.i think it might be c but idk
Answers: 3
question
English, 22.06.2019 11:00
Read the passage. the boy took care to sit on the far side of the room, away from the purse, where he thought she could easily see him out of the corner of her eye if she wanted to. he did not trust the woman not to trust him. and he did not want to be mistrusted now. which best describes roger's traits based upon his thoughts and feelings? question 4 options: he is exhausted and depressed. he is wild and impatient he is cautious and wise he is angry and temperamental.
Answers: 1
question
English, 22.06.2019 11:30
What is synonyms of mske up, look forward, get up
Answers: 1
question
English, 22.06.2019 14:10
Which is the primary difference between the story of theseus and hercules
Answers: 3
You know the right answer?
What is the structure of the passage below? Many people are confused about why our economy went to...
Questions