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The 2007–2008 financial crisis, or the global financial crisis ( GFC ), was the most severe worldwide economic crisis since the Great Depression. Predatory lending in the form of subprime mortgages targeting low-income homebuyers, [1] excessive risk-taking by global financial institutions, [2] a continuous buildup of toxic assets within banks ...
The 2008 United States presidential election was the 56th quadrennial presidential election, held on November 4, 2008. The Democratic ticket of Barack Obama, the junior senator from Illinois, and Joe Biden, the senior senator from Delaware, defeated the Republican ticket of John McCain, the senior senator from Arizona, and Sarah Palin, the ...
On November 4, 2008, after a campaign that lasted nearly two years, Americans elected Illinois senator Barack Obama their 44th president. The result was historic, as Obama, a first-term U.S. senator, became, when he was inaugurated on January 20, 2009, the country’s first African American.
Historical Events for the Year 2008. 1st January » Cyprus and Malta join the Eurozone. 17th January » British Airways Flight 38 crash lands just short of London Heathrow Airport in England with no fatalities. It is the first complete Write-off known as hull loss of a Boeing 777.
Dec 18, 2023 · The Great Recession is a term that represents the sharp decline in economic activity during the late 2000s, which is generally considered the largest downturn since the Great Depression . The term ...
Unix time. 1199145600 – 1230767999. 2008 ( MMVIII) was a leap year starting on Tuesday in the Gregorian calendar, but it was also the 2008th year of the Common Era, or of Anno Domini, [1] the 8th year of the 3rd millennium, the 8th year of the 21st century, and the 9th year of the 2000s decade.
Jun 8, 2012 · The stock market crash of 2008 occurred on September 29, 2008. The Dow Jones Industrial Average fell by 777.68 points in intraday trading. Until the stock market crash of March 2020 at the start of the COVID-19 pandemic, it was the largest point drop in history.
