The American Credit Crunch
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The paper considers the current credit crunch in the United States, including its causes, consequences and recommendations to avoid a similar situation in the future. The paper includes a table of contents. All sources are from 2006 or later.
From the Paper:"The American economy is currently in a credit crunch, meaning that credit is very difficult and expensive for consumers to obtain. The key causes of the credit crunch include making loans to consumers who previously would not have qualified, sub-prime loans, falling home prices and easy access to an excess of credit. A chief consequence of the credit crunch includes investors moving away..."
Cite this Cause and Effect Essay:
The American Credit Crunch (2008, December 01) Retrieved May 21, 2022, from https://www.academon.com/cause-and-effect-essay/the-american-credit-crunch-125314/
"The American Credit Crunch" 01 December 2008. Web. 21 May. 2022. <https://www.academon.com/cause-and-effect-essay/the-american-credit-crunch-125314/>