After the fall of Monday’s stock market in Asia and Europe after China, the US tariffs revived the memories of the same market turmoil after the Kovid epidemic and the final global financial crisis.
Analysts called the falls “historic”, and some also described them as “bloodbeaths”, remembering the previous collapse since the early last century.
– 2020: Epidemic –
The global stock crashed in March 2020 after the World Health Organization declared Kovid -19 an epidemic, which kept the world a lot under the lockdown.
On March 12, 2020 – the next day of the announcement – Paris 12 percent, Madrid 14 percent and Milan 17 percent fell. Since 1987, London declined by 11 percent and New York by 10 percent.
There was further decline in the days ahead, in which the US index fell more than 12 percent.
Rapid response by national governments, which deepen their economies to preserve their economies, helped to retaliate most markets within months.
– 2008: Subprime crisis –
The global financial crisis of 2008 was due to bankers in the United States, giving people a subprime hostage on financial flying and then selling them as investment, fueling a housing boom.
When the borrowers were unable to pay their mortgage, millions of people lost their homes, the stock market crashed and the banking system concluded with the dramatic bankruptcy of the investment bank Lehman brothers.
From January to October that year, the world’s main stock markets fell between 30 and 50 percent.
– 2000: dot.com bubble –
At the beginning of millennia, the deflation of technical bubbles caused by enterprise capitalists was seen throwing money in unproven companies.
On March 10, 2000, by a record 5,048.62 points, the US Tech-Havi Nasdaq Index lost 39.3 percent in the price.
Many internet startups went out of business.
– 1987: Black Monday –
Wall Street crashed on October 19, 1987 due to large American trade and budget shortage and increase in interest rate.
The Dow Jones Index lost 22.6 percent, causing panic on markets worldwide.
– 1929: Wall Street Fall –
On October 24, 1929, Wall Street became known as “Black Thursday”, when a bull got stuck in the market, losing more than 22 percent of its value at the beginning of the trade.
The stocks resumed the most lost ground during the day, but there was a huge damage in rot in rot on October 28 and 29, which led to the onset of Great Depression in the United States and a global economic crisis.
(Except for the headline, the story has not been edited by NDTV employees and is published by a syndicated feed.)
