A market crash, also referred to as a stock market crash or financial crash, is a sudden, severe, and often unexpected decline in the value of a significant portion of a stock market. Market crashes can have far-reaching economic and financial consequences. In this article, we will explore some of the most popular and historically significant market crashes:
The Great Depression (1929)
The Great Depression began with the stock market crash of 1929. On October 29, 1929, known as "Black Tuesday," the U.S. stock market, particularly the New York Stock Exchange (NYSE), experienced a massive sell-off. Over a span of two days, the market lost around 25% of its value. This crash led to a decade-long economic depression, impacting not only the United States but also much of the world. Read More...
Black Monday (1987)
Black Monday occurred on October 19, 1987, when global stock markets, including the NYSE, suffered one of the largest single-day crashes in history. The Dow Jones Industrial Average (DJIA) plummeted by more than 22%, leading to widespread panic. The crash was largely attributed to computerized trading programs and panic selling.