Key Cause of the 2001 Economic Recession

Since the 1980s, the United States has faced numerous economic challenges that have reshaped its financial landscape. One significant event during this period was the economic recession of the early 2000s, influenced by various factors including technology, globalization, and policy changes. This recession had lasting effects on employment, consumer behavior, and government intervention in the economy.

Which of the following best identifies a key cause of the economic recession that began in 2001?