as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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what was the main cause of the 2008 stock market crash?
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the main cause of the 2008 stock market crash was the collapse of the u.s. housing market, which triggered a financial crisis. subprime mortgage defaults caused banks to lose large amounts of capital and investors to lose confidence in the stock market. rising unemployment and declining consumer confidence also contributed to the crash.
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