answersLogoWhite

0


Best Answer

The suspect lending practices was one of the causes of the recession in the US in 2001.

User Avatar

Wiki User

βˆ™ 10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What caused the recession in the US in 2001 to be mild?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What were the factors that made the recession of two thousand in the US a mild one?

The strong economic power of the United States is what made the recession of 2000 in the US a mild one.


What caused the us recession in 2001?

There was a recession in 2001. Part of the reason was the terrorist attacks against the United States. Prices sagged on the stock markets, business earnings declined causing unemployment to rise. This in turn slowed down consumer spending.


What are the major factors that have affected US household consumption since the 2001 recession?

1. What are the major factors that have affected U.S. household consumption since the recession in 2001?


What are the names of the two banks in the US which caused the recession?

Lehman Brothers Naresh Singhmar


What caused the recession in Europe?

Usually, the reason for a recession is too much gain. In fact, just before the recession in Europe (and the US), these areas were experiencing massive ups in economy. In basic terms, it was just growing too fast to contain and the bubble popped, so downhill it went.


How much it will cost to relieve us from the recession?

It will cost about 850,000,000,000 dollars to relieve us fro the recession


Will the US go into recession?

It has.


What event caused the us invasion of Afghanistan in 2001?

9/11


How severe was the recession in 1998?

There was no recession in 1998. See the NBER website for US data.


Why did the US economy collapse in 1920?

The United States economy was in recession due to the spending of World War I during the 1920s. This caused the Depression where there was a decline in real products.


How Is the US Economy Doing?

right now 2009 the us economy is in a recession, but could in a depression later on in the future if we are in a recession for too long.


What has the NBER determined as the last turning point ushering in an expansion in the US economy?

The most recent turning point identified by the NBER was November 2001, marking the end of the recession that started in March 2001 and inaugurating an expansion.