The Lehman bankruptcy in 2008 is considered one of the most serious financial crises in history. The collapse of the U.S. bank not only had a global impact on financial markets and the world economy, but also had tangible consequences for millions of people. These have seen dramatic events in recent years and have had to deal with the consequences of the crisis.
The consequences of the Lehman bankruptcy were manifold. This is how a massive collapse in stock market prices and a collapse of the banking system occurred. The crisis quickly spread to other markets and led to the collapse of many businesses. Many people lost their jobs and assets and were forced to drastically change their lifestyles.
Many governments had to intervene to prevent the collapse of the financial system and to deal with the consequences of the crisis. Ten years on, it’s time to look at the dramatic events that followed the Lehman bankruptcy and examine the long-term impact of the crisis. In this article, we will look at the impact of the crisis on financial markets, the global economy and the lives of millions of people.
What happened after the Lehman bankruptcy: how the financial crisis became an economic crisis
The bankruptcy of the U.S. investment bank Lehman Brothers on 15. September 2008 marked the beginning of the financial crisis, which subsequently led to significant dislocations in the financial markets. But the impact of the crisis was not limited to the financial sector. The crisis quickly spread to the real economy and developed into a serious economic crisis.