Which 2008 crash followed the collapse of Lehman Brothers and the global credit crisis?

The Global Financial Crisis was the 2008 crash associated with the collapse of Lehman Brothers and the worldwide credit crisis.

The crisis grew from a housing and mortgage boom, especially in the United States, where many loans were packaged into mortgage-backed securities and other complex products. When house prices fell and mortgage defaults increased, financial institutions suffered large losses and confidence in bank solvency weakened.

Lehman Brothers filed for bankruptcy on September 15, 2008, becoming a defining moment in the crisis. Credit markets seized up, stock markets plunged, and governments responded with emergency lending, bank rescues, guarantees, and fiscal measures. The recession that followed became one of the deepest worldwide downturns since the Great Depression. The crisis is often called the “2008 crash,” but its causes developed over several years and its consequences continued well beyond one trading day.