The 10 Worst Stock Market Crashes in History
1. The Wall Street Crash (1929) – “Black Tuesday”
This is the most famous and devastating crash in history. The U.S. stock market fell by nearly 89%, triggering the Great Depression—a prolonged global economic downturn.
2. Black Monday (October 19, 1987)
Without a single clear cause, the Dow Jones Industrial Average plunged 22.6% in one day—the largest one-day percentage drop in history. Computerized trading and panic selling played major roles.
3. The Dot-Com Bubble (2000–2002)
Stock prices of internet-based companies soared unrealistically before the bubble burst. The Nasdaq index fell nearly 76%, wiping out trillions of dollars in market value.
4. Global Financial Crisis (2007–2009)
This crisis began with the collapse of the U.S. housing market. Major banks such as Lehman Brothers went bankrupt, and global stock markets fell by more than 50%.
5. COVID-19 Crash (March 2020)
At the start of the pandemic, global lockdowns caused extreme panic among investors. Markets dropped 12–13% in a single day, making it one of the fastest crashes in history.
6. Japanese Asset Price Bubble (1990–2003)
After stock and real estate prices in Japan skyrocketed, the bubble burst. The economy then stagnated for decades, a period often called Japan’s “Lost Decades.”
7. Flash Crash (May 2010)
In just 36 minutes, the Dow Jones fell about 1,000 points before quickly recovering.
8. Asian Financial Crisis (1997)
Starting in Thailand, the crisis spread across Southeast Asia. Many countries experienced severe currency devaluations and stock market collapses.
9. Oil Crisis and the 1973–74 Market Crash
An oil embargo by Arab countries caused global oil prices to surge. As a result, stock markets fell by around 45%
10. DeepSeek AI Impact (January 2025 – Recent)
In early 2025, the rise of the Chinese AI startup DeepSeek triggered a major sell-off in U.S. chipmakers. Nvidia alone lost about $593 billion in market value in a single day—a historic record.
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