It is now one year since the collapse of Lehman Brothers, a US investment bank, which is considered to be the beginning of the global recession. Over the year, there were some key events and each link below has a short video that is worth looking at to see how the business world has changed in the last year.
- 15 September 2008: Lehman Brothers goes bankrupt
- 17 September 2008: Lloyds takes over HBOS
- 3 October 2008: $700 billion bailout approved by congress
- 13 October 2008: UK government rescues the banks
- 14 February 2009: US Congress passes $787 billion stimulus
- 2 April 2009: G20 Summit in London
- 22 April 2009: UK budget reveals huge deficit
- 15 July 2009: Record unemployment in the UK
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