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What bad event happened in 2008?

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What bad event happened in 2008?

Causes of the Recession The Great Recession—sometimes referred to as the 2008 Recession—in the United States and Western Europe has been linked to the so-called “subprime mortgage crisis.” Subprime mortgages are home loans granted to borrowers with poor credit histories. Their home loans are considered high-risk loans.

What came out in 2008?

Full List

  • The Retail DNA Test. The Other 49 Best Inventions.
  • The Tesla Roadster.
  • The Lunar Reconnaissance Orbiter.
  • Hulu.com.
  • The Large Hadron Collider.
  • The Global Seed Vault.
  • The Chevy Volt.
  • Bullets That Shoot Bullets.

What was the economic climate in the US in 2008?

The U.S. economy lost nearly 1.2 million jobs in the first 10 months of 2008, including 240,000 jobs in October. Over the past 12 months, the U.S. lost on average 89,800 jobs each month, after gaining an average of 114,700 in the previous 12 months and 185,900 in the twelve months before then. 4.

What happened in 2009 in the world?

23 28 Mar 2009: The first case of H1N1 swine flu in the U.S. was found in California. 24 6 Apr 2009: A 6.3 magnitude earthquake killed hundreds in Italy. 25 7 Apr 2009: The former Peruvian President was sentenced to 25 years of imprisonment. 32 11 Jun 2009: H1N1 flu was declared a global pandemic.

What was the number one movie in 2008?

The Dark Knight
Calendar Gross

Rank Title Studio(s)
1. The Dark Knight Warner Bros. Pictures
2. Iron Man Paramount Pictures
3. Indiana Jones and the Kingdom of the Crystal Skull
4. Hancock Columbia Pictures

What was the new technology in 2008?

Phones got faster (iPhone 3G anyone?), notebooks turned into netbooks and pocket cameras went from recording standard-definition video to HD. But the world’s corporate and academic R&D labs were busy laying the foundations of some amazing future technologies in 2008.

When did the economy recover from 2008?

Full-time employment did not regain its pre-crisis level until August 2015. The unemployment rate (“U-3”) rose from the pre-recession level of 4.7% in November 2008 to a peak of 10.0% in October 2009, before steadily falling back to the pre-recession level by May 2016.

What was the most important event in 2008?

Historical Events in 2008 1 Event of Interest. Jan 8 New Jersey officially apologizes for slavery, becoming the first Northern state to do so. 2 Film and TV Awards. Jan 21 Black Monday in worldwide stock markets. 3 #1 in the Charts. Apr 8 The construction of the world’s first building to integrate wind turbines completes, in Bahrain.

What was the biggest event in South Korea in 2008?

Feb 7 58th Berlin International Film Festival: “Elite Squad” wins the Golden Bear Feb 10 The 2008 Namdaemun fire severely damages Namdaemun, the first National Treasure of South Korea. Feb 10 50th Grammy Awards: Amy Winehouse wins 5 awards including song “Rehab”, Herbie Hancock wins Album of the Year

What was the date of the Baghdad bombing in 2008?

6th March» A 6 March 2008 Baghdad bombing named suicide bomber kills 68 people (including first responders) in Baghdad on the same day that a gunman Mercaz HaRav massacre named kills eight students in Jerusalem. 13th March» Gold prices on the New York Mercantile Exchange hit $1,000 per ounce for the first time.

How did the financial system collapse in 2008?

Investment banks, the secondary credit market, and an unregulated financial market disappeared. As the free market failed, the government bought a controlling share in banks and insurance companies. 1  The central banks around the world propped up the financial system. In September of that year, America came very close to total economic collapse .