What significant event took place in 2008?

And like the Great Depression, the 2008 version began in the United States, but soon spread around the world. Beginning with the subprime mortgage crisis of September, the situation soon escalated with the bankruptcy of the large investment bank Lehman Brothers. More banks failed. World stock markets plunged.

What was happening in June 2008?

Obama Secures the Democratic Nomination (June 3): On the final day of the 2008 primary season, Sen. Barack Obama secures 2,154 delegates and becomes the presumptive Democratic presidential nominee. Hillary Clinton suspends her campaign and endorses Obama for the presidency.

What major events happened in the US in 2010?

Presidency of Barack Obama

2010 – Instagram founded.
2010 – The Deepwater Horizon oil rig in the Gulf of Mexico explodes, spilling millions of gallons of oil into the sea.
2010 – In the 2010 Midterm elections, the Republicans retake the House of Representatives as the Democrats lose 63 seats.

What historical events happened in 2007 in the United States?

Events

January 4: Nancy Pelosi becomes Speaker of the House.
April 16: United States President George W.
July 15: Opening ceremony of the second Tacoma Narrows Bridge.
August 1:
October 20 – November 9: Flames burn Santa Clarita, California during the California wildfires of October 2007.
Yvonne De Carlo.
Art Buchwald.

Was 2008 a bad year?

Great Recession The financial crisis of 2007–2008, also known as the global financial crisis (GFC), was a severe worldwide economic crisis. Prior to the COVID-19 recession in 2020, it was considered by many economists to have been the most serious financial crisis since the Great Depression.

What happened in the year 2001?

September 11 – 9/11 attacks: Almost 3,000 people are killed in four suicide attacks at the World Trade Center in New York City; the Pentagon in Arlington, Virginia; and in rural Shanksville, Pennsylvania. The attack launches the global War on Terrorism.

What happened Nov 2008?

United States general elections: Democrat Barack Obama wins the 2008 United States presidential election after beating Republican John McCain, becoming the first African American to be elected to the office of President of the United States.

What happened in the year 2020?

2020 was a tumultuous year that saw the onset of a deadly pandemic, widespread protests over systemic racism—and a deeply contentious election. 2020 was a tumultuous year that saw the onset of a deadly pandemic, widespread protests over systemic racism—and a deeply contentious election.

What is the most famous event in history?

Top 10 Moments from History

William Shakespeare Is Born – 1564.
Guy Fawkes and The Gunpowder Plot Are Discovered – 1605.
The Battle of Waterloo – 1815.
Queen Victoria Becomes Queen – 1837.
V-E Day Marks The End Of Second World War – 1945.
Tim Berners-Lee Invents The World Wide Web (Internet) – 1989.

What was happening in 2003 in the US?

May 1 – U.S. president George W. Bush lands on the aircraft carrier USS Abraham Lincoln, where he gives a speech announcing the end of major combat in the 2003 Invasion of Iraq. May 4–10 – A major severe weather outbreak spawns more tornadoes than any week in U.S. history; 393 tornadoes are reported in 19 states.

What pop culture events happened in 2007?

Here are 10 other major pop culture events we were freaking out about a decade ago.

Anna Nicole Smith died.
Britney Spears shaved her head.
The Sopranos ended.
Mad Men premiered.
Knocked Up changed the comedy game.
‘Obama Girl’ went viral.
I Can Has Cheezburger consumed the internet.
Bob Barker signed off The Price is Right.

Why was 2008 so bad?

Home prices fell at the same time interest rates reset. Defaults on these loans caused the subprime mortgage crisis. They sold too many bad mortgages to keep the supply of derivatives flowing. That was the underlying cause of the recession.

What are some historical events that happened in 2008?

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.

What are the most important events in US history?

Offers a chronological timeline of important dates, events, and milestones in United States history. This is a timeline of United States history, comprising most legal and territorial changes and political events in the United States and its predecessor states. Do you know your U.S. History chronology?

Who was elected President of the United States in 2008?

4th November» Barack Obama becomes the first man of African-American descent to be elected President of the United States. 10th November» Over five months after landing on Mars, NASA declares the ‘Phoenix (spacecraft) called Phoenix’ mission concluded after communications with the lander (spacecraft) known as lander were lost.

What was a critical event in the 2008 financial crisis?

Critical Events in the Worst Crisis Since the Depression. The 2008 financial crisis devastated Wall Street, Main Street, and the banking industry. The Federal Reserve and the Bush administration spent hundreds of billions of dollars to add liquidity to the financial markets. They worked hard to avoid a complete collapse.