human
Why did the stock market crash in 2008?
assistant
The stock market crashed in 2008 because of the financial crisis. The economy was hit hard, and many people lost their jobs. This led to a decrease in consumer spending, which caused a decrease in demand for goods and services. This decreased demand caused a decrease in prices, which led to a decrease in profits. This decrease in profits caused companies to cut back on investments, which led to a decrease in stock prices.