Too Long; Didn't Read
In 2008, the defining financial crisis of our generation, the Great Recession, officially began when the <a href="https://www.investopedia.com/articles/economics/09/lehman-brothers-collapse.asp" target="_blank">U.S. government allowed Lehman Brothers to declare bankruptcy</a>. What started as a single bank failure quickly ballooned into a full-on economic collapse that impacted virtually every aspect of the global economy. Profits plummeted, unemployment soared, and the outlook was bleak.