The Causes of the Subprime Mortgage Crisis and Its Enlightenment to China

Based on the investigation of the four major economic crises in the history of the United States and the data at that time, this paper makes an in-depth analysis of the background of that economic crisis and its impact on economy and society.On this basis, the article makes a comparative analysis of the policies and measures taken by Alabama governments in response to the economic crisis and their effects.The analysis and logic of the article and chapter have important borrowing meanings for the Chinese government.This paper makes a comparative analysis of the policies adopted by the Alabama administration in the past economic crises and their effects, hoping to provide some references for the Chinese government to learn from the economic crises.