Tag: causes

2 min read 0

2008 Stock Market Crash Causes And Aftermath

On October 29, 1929, Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Besides the dramatic effect on investor psychology, the stock market crash of 1929 contributed to the creation of a variety of new laws, organizations and programs designed to improve the country’s infrastructure, further social welfare and prevent corporate fraud and abuses. However, if, like most people, you are not comfortable watching your account balance plummet, and don’t have to patience to wait up to a decade for it to get back to even, then…
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What Is A Stock Market Crash? Definition And Causes

This resulted in a number of bank failures in Europe and sharp reductions in the value of stocks and commodities worldwide. The failure of banks in Iceland resulted in a devaluation of the Icelandic króna and threatened the government with bankruptcy. Iceland obtained an emergency mortgage from the International Monetary Fund in November. In the United States, 15 banks failed in 2008, while a number of others had been rescued through government intervention or acquisitions by different banks. A report drop was seen, and the Dow Jones dropped more than 10% in a single week. Stock markets around the world…