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What year did the stockmarket crash?

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Anonymous

13y ago
Updated: 7/14/2023

The Stock Market has experienced several significant crashes throughout history. The most well-known stock market crash in the United States is the one that occurred in 1929, often referred to as the "Stock Market Crash of 1929" or the "Great Crash." It marked the beginning of the Great Depression, a severe worldwide economic downturn.

However, it's important to note that the stock market has experienced other crashes and significant downturns at different times. Some notable examples include:

Black Monday (1987): On October 19, 1987, the stock market experienced a sharp decline, with the Dow Jones Industrial Average dropping by more than 22% in a single day. This event is commonly referred to as "Black Monday."

Dot-com Bubble Burst (2000): In the late 1990s, there was a speculative bubble in technology stocks, driven by the growth of internet-based companies. The bubble burst in early 2000, resulting in a significant decline in the stock market, particularly in technology-related stocks.

Global Financial Crisis (2008): The financial crisis of 2008 was triggered by the collapse of Lehman Brothers and the subsequent turmoil in the banking and housing sectors. This event led to a severe stock market decline and a global recession.

It's worth noting that stock market downturns are a natural part of market cycles, and market fluctuations can occur at any time. Understanding the history of market crashes can provide insights into market dynamics and the importance of risk management and diversification in investment strategies.

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Stock Xpo

Lvl 5
2y ago

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