- By Scan a Trade
On 24 October 1929, 12.8 million shares were put on sale on the Wall Street exchange. This day is also known as Black Thursday and from this day a decade-long great depression started.
1987 was the fifth year of a bull market that had not experienced a single major correction that’s why on 19 October Dow Jones Industrial Average fell by 22% and this day is known as Black Monday.
During 2008 banks offered housing loans to almost everyone, even those who weren't creditworthy. So when many homeowners defaulted on their loans, the housing market fell and this caused The stock market crash of 2008.
On 6 May 2010, the stock market started crashing at 2:32 pm and this flash crash lasted for 36 minutes. This flash crash mainly impacted large US companies like P&G and GE.
During the first half of March to mid march, there was intense selling all around the world and this causes a stock market crash due to global panic. S&P500 reported the sharpest fall since 1987.