Week 2

On this week in history the Magellan reached the pacific. The Magellan was a ship that was sailed by the Europeans back on the 28 of November in 1519. There were 3 ships that sailed and only Magellan survived the long trip from Atlantic to the Pacific. The way he got through was his discovery of the only strait in the area. It is now called the strait of Magellan.

Another event that happend was in 2001 on December 2, Enron Corporation which was an Energy-Trading company filed for bancrupcy. This company which was based in Houston, Texas had filled for chapter 11 bancrupcy. Enron rose as high as number seven on Fortune magazine's list of the top 500 U.S. companies. In 2000, the company employed 21,000 people and posted revenue of $111 billion. Over the next year,  Enron's stock price began to slide, dropping from $90 in August 2000 to $0.26 by closing on November 30, 2001.

This became one of the biggest scandals in American history. A court, in 2003 indicted Skilling on 35 counts including fraud, conspiracy and insider trading. In other words they were in big trouble. This week in history was not the most intertaining but it was eventfull non the less and still had a big impact on history. Just like every day has a big impact on history.





http://www.history.com/this-day-in-history/enron-files-for-bankruptcy