Trivia: The Great Recession of 2007-2008

On this day in 2008, the Dow Jones Industrial Average falls 777.68 points. This event was one effect of the bankruptcy filings by Lehman Brothers two weeks prior. This bankruptcy, along with the failure of Washington Mutual, precipitated the global financial crisis, and contributed to the Great Recession.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.