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Biggest stock market crashes in US history! - Wall Street Crash, 29th October 1929; wiped out 90% of stock value, 16 million shares were sold in a single day and this catalysed the Great Depression. - Black Monday, 19th October 1987; largest one day drop with markets down 22.9%. It took 2 years to recover to new highs and an estimated $1.7 trillion was wiped out the market. - Dotcom bubble, 10th March 2000; tech stocks crash violently losing $5 trillion after the bubble burst. At its lowest point, the NASDAQ dropped 78% from previous highs. - 2008 recession, 15th September 2008; caused by the collapse of Lehman Brothers and subprime lending, the world went into an economic downturn and the S&P lost 57% of value from previous highs. - Covid-19 crash, 20th Feb 2020; the market tanked over 37% within a week due to the outbreak of Coronavirus getting worse outside China. Follow Perpetuity for more financial news and Explainers #markets #stockmarketcrash #economy

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