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24HourAnswers history
24HourAnswers company history timeline
The second great economic collapse occurred in September 2008 due to chaos within US and international financial markets after the collapse of Lehman Brothers, a major Wall Street investment bank, and issues with other financial institutions.
The first black president of the US was elected in November 2008, Barack Obama, who was formerly a junior senator in Illinois.
Obama’s presidency had triumphs such as the March 2010 passage of the healthcare reform act otherwise known as “Obamacare.” Obama’s new defense policy limited the circumstances under which nuclear weaponry would be employed.
Obama began taking diplomatic steps to restore a relationship with Cuba after more than 50 years of sanctions and embargoes against the island nation in December 2014.
Meanwhile, the economy continued to falter leading to a 2014 Senate bill raising the country’s borrowing limit.
In November 2016, Donald Trump in a great upset won the presidency with a narrow victory over Hillary Clinton.
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