Here are some of the biggest financial and historical losses in the world:
1. Tulip Mania (1637) – First Market Crash
The Dutch tulip bubble saw prices for tulip bulbs skyrocket before collapsing, causing massive financial losses.
2. The Great Depression (1929) – $3.5 Trillion Lost
The stock market crash led to a global economic downturn, wiping out $3.5 trillion in value.
3. Lehman Brothers Collapse (2008) – $600 Billion
The bank's bankruptcy triggered the 2008 financial crisis, resulting in millions of job losses and home foreclosures.
4. Chernobyl Disaster (1986) – $235 Billion
The nuclear explosion in Ukraine caused massive environmental and economic damage, costing over $235 billion in cleanup and lost productivity.
5. BP Oil Spill (2010) – $65 Billion
The Deepwater Horizon oil spill in the Gulf of Mexico led to massive environmental destruction, costing BP $65 billion in damages.
6. World War II (1939-1945) – $1 Trillion+
The war caused massive human and financial losses, with the global economy taking decades to recover.
7. Notre Dame Fire (2019) – $900 Million+
The historic Notre Dame Cathedral in Paris caught fire, leading to nearly $1 billion in damages and restoration costs.