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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Test 10

Test 10

Q Explain the 2008 economic collapse.

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The stock market crash of 2008 was the biggest single day drop in history up to that point. The aftermath of this catastrophic financial event wiped out big chunks of Americans’ retirement savings and affected the economy long after the stock market recovered. The financial turmoil caused by the crisis affected many sectors, leading to massive job losses and mortgage defaults. As investment firms collapsed and automakers stood on the verge of bankruptcy, the federal government stepped in and “bailed out” company after company.