Why did the global economy enter a recession in 2008? Banks invested in loans people could not pay back.
There was a shortage of natural resources.
Debt was at an all-time low.

Banks invested in loans that people could not pay back.

Explanation:

People were given housing loans with variable interest rates that they could no pay back and defaulted on.

while it was true that the cotton gin reduced the labor of removing seeds, it did not reduce the need for slaves to grow and pick the cotton.

explanation:

before eli whitney's invention of the cotton gin, picking and cleaning cotton was a slow, labor-intensive job. workers, usually slaves, had to pick the seeds from the cotton fibers by hand. this invention made it possible to grow large amounts of cotton on big farms and make money.

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-lavira: )