Stock
market crash
A stock market crash is often defined as a sharp
dip in share
prices of equities
listed on the stock exchanges. In parallel with various economic factors,
a reason for stock market crashes is also due to panic and investing public's
loss of confidence. Often, stock market crashes end speculative economic
bubbles.
There have been famous stock market crashes that have ended in the loss
of billions of dollars and wealth destruction on a massive scale. An increasing
number of people are involved in the stock market, especially since the social
security and retirement plans are being increasingly
privatized and linked to stocks and bonds and other elements of the market. There have
been a number of famous stock market crashes like the Wall Street Crash of 1929, the stock market crash of 1973–4, the Black Monday of 1987, the Dot-com
bubble of 2000, and the Stock Market Crash of 2008.
One of the most famous stock market crashes
started October 24, 1929 on Black Thursday. The Dow Jones Industrial lost 50% during this
stock market crash. It was the beginning of the Great
Depression. Another famous crash took place on October 19, 1987 – Black
Monday. The crash began in Hong Kong and quickly spread around the world.
