History homework help

Need an research paper on the credit crunch. Needs to be 4 pages. Please no plagiarism. Due to its major significance, the term was included in the latest edition of the Concise Oxford English Dictionary, meaning “an economic condition in which it suddenly becomes difficult and expensive to borrow money” (Oxford University Press,n.d.). A credit crunch is characterized by a shortage of funds in the credit market, resulting in decreased possibilities for credit agreements and increased levels of official interest rates. Economist John Hull (2009) argues that the origins of the credit crunch (which started in the US) can be found in the housing market. “The U.S government was keen to encourage home ownership. Interest rates were low.