The immediate cause of the 2006-2010 economic crisis was: a)the failure of enron b)greedy financial advisors on wall street c)the increase in imports from china the bursting of the u. s. housing bubble d)the bursting of the u. s. housing bubble

The correct answer is D. The immediate cause of the 2006-2010 economic crisis was the bursting of the U.S. housing bubble.

Explanation:

The global economic crisis of 2006-2010 was caused by several factors, including failures in economic regulation, the large number of crimes committed by banks, the overvaluation of products, global food and energy crisis, and the threat of a recession throughout the world, as well as a credit-mortgage crisis.

Although it is considered that the crisis arose in 2008, especially after the fall of the American bank Lehman Brothers, the first symptoms appeared in August 2007 with the bankruptcy of several smaller investment banks causing the crisis that has been pointed out by many international specialists such as the «Crisis of developed countries», since its consequences were observed mainly in the richest countries of the world. With the fall of US investment banks due to the subprime mortgage crisis, which represented a high percentage of their investment, stock markets collapsed and triggered the 2008 financial crisis worldwide.

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