What factor did the Great Depression of the 1930s and the Great Recession of 2007-2010 have in common?
a. Protectionism caused foreign investors to pull money out of U.S. companies.
b. The government showed preference to one industry, creating imbalance in the market.
c. Banks and other financial institutions capitalized on a lax regulatory environment.
d. New technology and real estate booms created an artificial bubble for investors.
e. Banks preyed upon naïve investors and swindled them with predatory lending practices.
ANS: C
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