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Historic Market Crashes
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European Sovereign Debt Crisis - Early 2010
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.
The Wall Street Crash of 1929 - October 29, 1929
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.
Asian Financial Crisis - July 1997
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.
Chinese Stock Market Crash - Summer 2015
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.
Flash Crash - May 6, 2010
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.
Subprime Mortgage Crisis - 2008
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.
Dot-com Bubble Burst - March 10, 2000
Caused by excessive speculation in internet-based companies, it led to a massive sell-off in technology stocks with significant loss of paper wealth.
Black Monday - October 19, 1987
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).
COVID-19 Market Crash - February 20, 2020
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.
Black Tuesday in Russia - August 17, 1998
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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