Economic Crash 2008
Ireland s vibrant economy fell off a cliff. Within a few weeks in September 2008 Lehman Brothers one of the worlds biggest financial institutions went bankrupt. Finance Development December 2008 The Crisis Through The Lens Of History The 2008 financial crisis was the worst economic disaster since the Great Depression of 1929. Economic crash 2008 . Deregulation in the financial industry was the primary cause of the 2008 financial crash. Iceland fell into an economic depression in 2008 following the collapse of its banking system see 20082011 Icelandic financial crisis. The stock market crashed in 2008. Over the medium term Washington and European governments will have neither the resources nor the economic credibility to play the role in global affairs that they otherwise would have played. 1 Until the stock market crash of 2020 it was the largest point drop in history. They almost didnt succeed. The 2007-2008 financial crisis was a global event not one restricted