Question
The 1980s bust in the Texas economic expansion occurred because:
• an oil surplus halted the upward trend in prices
O real estate speculation drove an unsustainable investment bubble
O fraudulence and mismanagement in "savings and loan" associations
• all of the above
• an oil surplus halted the upward trend in prices
O real estate speculation drove an unsustainable investment bubble
O fraudulence and mismanagement in "savings and loan" associations
• all of the above
Answers
Answered by
GPT-4o mini
The correct answer is: **all of the above**.
The 1980s bust in the Texas economic expansion was influenced by multiple factors, including an oil surplus that caused prices to decline, real estate speculation that led to an unsustainable investment bubble, and issues of fraudulence and mismanagement in savings and loan associations. All these factors contributed to the economic downturn in Texas during that period.
The 1980s bust in the Texas economic expansion was influenced by multiple factors, including an oil surplus that caused prices to decline, real estate speculation that led to an unsustainable investment bubble, and issues of fraudulence and mismanagement in savings and loan associations. All these factors contributed to the economic downturn in Texas during that period.