The Stock Market Crash

The 1929 stock market crash is widely considered the worst in history, triggering the Great Depression with a total market decline of nearly 90% by 1932. Initiated by the "Black Tuesday" crash on October 29, 1929, the market lost half its value by mid-November 1929 and did not recover its pre-crash value until 1954. 

Federal Reserve History

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Key Details on the 1929 Crash

The Event: The Dow Jones Industrial Average (DJIA) fell 12.8% on "Black Monday" (Oct 28) and another 12% on "Black Tuesday" (Oct 29), following a massive boom fueled by excessive speculation and buying on margin.

Long-Term Impact: The market continued to plummet until July 1932, when it reached a low of 41.22, representing an 89% drop from its peak.

Causes: The crash was driven by overheated stock prices, high bank loans, public panic, and an agricultural crisis. 

Federal Reserve History  +2

Other Significant Historical Crashes

Black Monday (1987): On October 19, 1987, the DJIA dropped 508 points, or 22.6% in a single day, marking the largest one-day percentage drop.

Dot-Com Bubble (2000-2002): The tech-heavy Nasdaq fell nearly 80% from its peak as speculative internet stocks collapsed.

Financial Crisis (2008): Triggered by the housing bubble, the market saw massive drops, including a 9.03% fall on October 15, 2008.

COVID-19 Pandemic (2020): In March 2020, multiple record-breaking single-day percentage drops occurred, including an 11.98% drop on March 16. 

Bankrate  +4

Could be interesting if it’s like 1929!