Author Question: The effects of the burst housing bubble fell disproportionately on minorities. By 2009 some 1.5 ... (Read 35 times)

waynest · **on:** Jul 2, 2018

The effects of the burst housing bubble fell disproportionately on minorities. By 2009 some 1.5 million homes, owned mostly by _____, were lost through subprime foreclosures.

a. all minorities combined
b. Asian Americans
c. Latinos
d. African Americans

Question 2

What forces combined in 2007 to bring about the worst economic downturn since the Great Depression of the 1930s?

a. Hurricane Katrina and the resulting bailout to homeowners
b. Bipartisan support of the wars in Iraq and Afghanistan
c. Predatory mortgage lending and irresponsible dealing on Wall Street
d. The election of the nation's first Black president and a Republican legislature

FergA · **Reply #1 on:** Jul 2, 2018

Answer to Question 1

Answer: d. African Americans

Answer to Question 2

Answer: c. Predatory mortgage lending and irresponsible dealing on Wall Street