1. The Effects of the Housing Market on the United States Economic Crisis
... heard a lot about Wall Street and the banks and how greed brought them down. We did not hear about how greedy the construction and real estate sales market was. All of the blame seemed to be put on the financial sector, when in fact, these two industries were actually complicit in pushing for more lenient guidelines so that they could build ... , snatching up foreclosures and reselling them, making even more money from the worker's woes. Who in a local economy is effected by the bust? Since 70% of our economy is based on consumer purchases, almost every sector of the economy is effected....
- Word Count: 579
- Approx Pages: 2
- Has Bibliography
- Grade Level: High School