History of the United States II / Unit 17 USH2 2422 short lesson, about 20 seconds
Lehman Brothers
Captions available
The idea
A real estate boom peaked in two thousand seven, and in September two thousand eight the investment firm Lehman Brothers was wiped out, the anchor records.
In practice
The largest bankruptcy in the nation's history, after the Federal Reserve had rescued Bear Stearns months earlier.
Where people slip
Credit card debt had passed one trillion dollars by two thousand eight, the anchor adds.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
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