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To try everything Brilliant has to offer for free for a full 30 days, visit http://www.brilliant.org/howhistoryworks. You’ll also get 20% off an annual premium subscription Buy The Devil's Casino - https://www.howmoneyworkslibrary.com/... ------ Sign up for my FREE newsletter! - https://www.compoundeddaily.com/ ------ #history #business #recession Link To Our Other Channel: / howmoneyworks Written By: Sam Video Created By: Svibe Multimedia Studio Editor: Cardan Media Gatherer: Andrea Rivas Footage Courtesy of: Getty Images Music Provided By: Epidemic Sound 📩 Business Inquiries ➡️ [email protected] ----- Everybody thinks they know the story of Lehman Brothers. At its height it was the fourth largest firm of its kind in America, and managed hundreds of billions of dollars in assets across the world. But less than a year after recording its best year ever… it was gone. In the early morning hours of Monday September 15th 2008, the firm's chief legal council sent an email officially declaring bankruptcy in the Southern District of New York, It was, and still is, the largest bankruptcy in history and it marked the climax of the GFC In the hours that followed the markets had their worst day since the 911 attacks in 2001, and the panic spread across the entire global economy taking the world from an economic downturn into a full blown crisis. Now you already knew this… But something that’s normally missing from these oversimplified headlines is what actually happened in the months between Lehman Brothers recording record profits, and failing so spectacularly. -----