8
QuizMultiple Choice

The Bush Presidency

Question 8 • Online World History B

The Savings and Loan Crisis in the 1980s was a result of

Answer
A
the cost of fighting the Persian Gulf War.
B
the cost of restoring order during the LA riots.
C
the number of new taxes.
D
the number of failing banks.

Explanation

The Savings and Loan Crisis involved widespread failures of savings and loan institutions in the 1980s. Weak lending practices, deregulation, and risky investments led many of these banks to fail, creating major losses and requiring a federal bailout. The crisis was not caused by the Persian Gulf War, the LA riots, or new taxes.

AI-written and checked against the verified answer.

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