Barack Obama

Born 1961

The collapse of the U.S. subprime mortgage market triggers the worst financial crisis since 1929. Global stock markets lose $30 trillion in value; Iceland an…

• 2008 CE

  Global financial crisis

  The collapse of the U.S. subprime mortgage market triggers the worst financial crisis since 1929. Global stock markets lose $30 trillion in value; Iceland and several European nations require bailouts. The crisis reshapes political economies worldwide and fuels populist anger.