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Historic Market Crashes

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European Sovereign Debt Crisis - Early 2010

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Stemming from the global financial crisis, the collapse concerned the inability of several European countries to repay or refinance government debt without the assistance of third parties.

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The Wall Street Crash of 1929 - October 29, 1929

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Caused by speculative bubble, bank failures, and lack of confidence, it led to the Great Depression with severe global economic downturn and long-term social consequences.

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Asian Financial Crisis - July 1997

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Triggered by the collapse of the Thai baht, caused by real estate bubble and capital flight, it resulted in severe currency devaluation and economic decline across Asia.

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Chinese Stock Market Crash - Summer 2015

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Commenced with the bursting of the stock market bubble that had been built up over the previous year, causing a rapid sell-off of shares and significant market volatility.

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Flash Crash - May 6, 2010

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Caused by high-frequency trading algorithms, it saw a trillion-dollar stock market crash with rapid recovery within minutes, exposing vulnerabilities in electronic trading infrastructure.

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Subprime Mortgage Crisis - 2008

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Due to high-risk mortgage loans and financial instruments, a collapse in housing prices led to widespread foreclosures, bank failures, and a global economic recession.

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Dot-com Bubble Burst - March 10, 2000

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Caused by excessive speculation in internet-based companies, it led to a massive sell-off in technology stocks with significant loss of paper wealth.

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Black Monday - October 19, 1987

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Caused by program trading, overvaluation, and market psychology, it led to a worldwide stock market crash with a 22.6% drop in the Dow Jones Industrial Average (DJIA).

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COVID-19 Market Crash - February 20, 2020

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Due to the impact of the COVID-19 pandemic, panic selling caused the fastest global stock market crash in history, triggering economic uncertainty and mass stimulus packages.

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Black Tuesday in Russia - August 17, 1998

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Triggered by low commodity prices and fiscal mismanagement, it contributed to the devaluation of the Ruble and Russian financial crisis, leading to high inflation and a sovereign default.

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