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YouTubeUSA History
2008 Financial Crisis: The Collapse That Shook America
In September 2008, Lehman Brothers filed for bankruptcy, triggering the worst financial downturn since the Great Depression. The crisis began with a burst housing bubble in 2006, spiraled as subprime mortgages defaulted, and forced the Federal Reserve to cut rates to near zero by December 2008. The U.S. government responded with the $700 ...
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