What happened after bank lending slowed in the united states in the mid 2000s

The bank lending slow down led to the collapse of US and global stock markets. The financial system is basically interconnected due to the forces of globalization and technology. A slowdown in one sector quickly leads to a slowdown in others

US and global stock markets collapsed

world war i began in 1914, after the assassination of archduke franz ferdinand, and lasted until 1918. during the conflict, germany, austria-hungary, bulgaria and the ottoman empire (the central powers) fought against great britain, france, russia, italy, romania, japan and the united states (the allied powers). to new military technologies and the horrors of trench warfare, world war i saw unprecedented levels of carnage and destruction. by the time the war was over and the allied powers claimed victory, more than 16 million people—soldiers and civilians alike—were dead.

explanation:

to replace ineffective because   andrew jackson's spoil system was a deliberate policy after he became president to remove federal employees he considered to be political opponents and replace them with his own supporters.