The major cause of the U.S. recession that the world saw in 2008 was defaults on mortgages for homes.
Why was there a recession in 2008?
Mortgages were being given to people with questionable credit as a result of relaxations in banking laws.
When some of these people began to default on their mortgage loans, it had far reaching consequences on the financial industry which had been heavily invested in the mortgages.
Find out more on the 2008 recession at https://brainly.com/question/16687040.
