The financial crisis was primarily caused by deregulation in the financial industry. That permitted banks to engage in hedge fund trading with derivatives. ... When the values of the derivatives crumbled, banks stopped lending to each other. That created the financial crisis that led to the Great Recession.
texas governor sam houston opposed secession, but was unable to prevent it. in this speech, given prior to lincoln's election, he presents the argument that slavery would be safer within the united states than outside of it. it was a prescient argument, and one held by several other southern leaders.
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