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History of the Stock Market
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2000s: The Commodities Boom
From the early to mid-2000s, there was a significant rise in commodity prices, driven by increased demand from emerging markets and speculation. This led to increased inflationary pressures worldwide.
1980s: Savings and Loan Crisis
The crisis that emerged in the late 1980s involved over 1,000 savings and loan associations failing due to risky real estate lending, requiring a taxpayer-funded bailout.
1920s: Florida Real Estate Bubble
In the 1920s, the speculative bubble in Florida real estate burst, leading to losses for investors, which some historians see as a precursor to the 1929 crash.
2008: Global Financial Crisis
The collapse of Lehman Brothers marked the onset of a global credit crunch, leading to the worst economic downturn since the Great Depression. It spurred government interventions worldwide.
The South Sea Bubble
In 1720, the South Sea Company in Great Britain collapsed, leading to a financial panic and losses for many investors, including Isaac Newton.
1929: The Great Crash
The 1929 stock market crash, also known as Black Tuesday, marked the beginning of the Great Depression. It led to widespread bank failures, significant unemployment, and a reduction in private investment.
1997: Asian Financial Crisis
Triggered by the collapse of the Thai baht, this crisis spread across East Asia, causing stock market declines, reduced import revenues, and government bailouts.
2015: Chinese Stock Market Turbulence
A major stock market selloff that began in June 2015 wiped out gains from the preceding year, leading to economic instability in China and affecting global markets.
The Dutch Tulip Mania
In the 1630s, the Dutch experienced one of the first recorded speculative bubbles and crashes, as prices for tulip bulbs soared and then collapsed.
1973-1974: Stock Market Crash
Deteriorated investor confidence due to the oil crisis, inflation, and geopolitical tensions led to a prolonged bear market and contributed to a global economic downturn.
1930s: Securities Act of 1933
In response to the stock market crash, the Securities Act of 1933 was enacted to restore investor confidence and impose regulations on the securities industry, laying the groundwork for the SEC.
NASDAQ Introduction
The launch of the NASDAQ in 1971 introduced the world to electronic trading, subsequently transforming the landscape of stock trading and providing an alternative to traditional stock exchanges.
2011: European Sovereign Debt Crisis
The European debt crisis saw several Eurozone countries unable to repay or refinance government debt, leading to a crisis that threatened the Euro and required international bailouts.
1987: Black Monday
On October 19, 1987, stock markets around the world crashed, shedding a huge value in a very short time. The event raised questions about market stability and prompted changes in trading regulation.
2000: Dot-com Bubble Burst
The burst of the internet-based market bubble in 2000 led to the decline of tech stock values and contributed to a mild recession. Many tech startups went bankrupt.
2001: September 11 Attacks
The terrorist attacks on September 11, 2001, led to the closure of the NYSE and a sharp drop in market confidence, causing significant economic disruption.
2010: Flash Crash
On May 6, 2010, a sudden and severe stock market crash occurred, erasing billions in market value before a partial rebound. It highlighted the need for improved regulatory controls in high-frequency trading.
1980s: Bull Market
One of the longest-running bull markets in history occurred during the 1980s, largely fueled by economic recovery, deregulation, and the advent of new technology sectors.
2009: Market Recovery after Financial Crisis
In 2009, markets began recovering from the 2008 financial crisis, largely due to unprecedented monetary stimulus by central banks and fiscal intervention by governments.
1940s-1950s: Post-War Boom
The post-World War II economic expansion saw significant gains in stock markets as industries transitioned from wartime to consumer production, bolstering economic growth.
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