In 2008, the world witnessed several pivotal events that shaped our collective history. The global financial crisis shook economies worldwide, while Barack Obama’s historic election as the first African American US President symbolized hope and change.
On 15 September 2008 the investment bank Lehman Brothers collapsed, sending shockwaves through the global financial system and beyond. Visit our timeline to explore the events leading up to Lehman Brothers’ failure and what happened in the weeks that followed.
Ten years ago this week, the collapse of Lehman Brothers became the signal event of the 2008 financial crisis. Its effects and the recession that followed, on income, wealth, disparity and...
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.
The 2008 crash was the greatest jolt to the global financial system in almost a century – it pushed the world's banking system towards the edge of collapse. We explore the causes and consequences of the crash, consider its historical parallels, and ask – how will history remember the crisis?
The crisis marked the end of the dominant consensus in favour of economic and financial liberalisation. It shifted political energy towards populist extremes, particularly...
The warning signs of an epic financial crisis were blinking steadily through 2008—for those who were paying close attention. One clue?
Historical events from year 2008. Learn about 306 famous, scandalous and important events that happened in 2008 or search by date or keyword.