Lesson plan
Lesson Plan: Accountability and the Great Recession: A Financial Crisis Inquiry
Grades 9-12
The 2008 financial crisis grew out of a housing bubble in the early 2000s, when home buying surged and subprime mortgages became widely available. These loans, designed for borrowers with weaker credit, carried higher interest rates and were aggressively promoted by some lenders and brokers, who profited from steering buyers to riskier products. Some borrowers took on mortgages they didn’t understand or couldn’t afford, believing they could refinance as home values rose.
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