Rachael EnriciMrs. CravensLiteracy Course IIIMay 13, 2014The Enron ScandalEnron deliberately created artificial electricity shortages in California two days in a row, causing prices to skyrocket. Enron is a natural gas and electric power plant/company that buys and sells energy. The most influential historical event of the 21st century is the Enron scandal, as losses suffered by investors exceeded $70 billion and only a small part of the lost money was returned. The Enron scandal devastated millions of investors. Enron's stock price was $90.75 per share and fell to $0.61 in one day, causing bankruptcy that day. Enron had suffered huge financial losses. Bankruptcy is the result of arrogance, greed and folly from top management all the way down. Enron made many mistakes that led to its bankruptcy. A few people are causing problems for Enron. J. Clifford Baxtor, a former Enron executive, committed suicide after Enron's bankruptcy to escape the consequences he would face...