-
A major recession where wages went down and unemployment rose as high as 25 percent.
-
Black Friday was cause by the efforts of two people, Jay Gould and James Fisk, to corner the gold market on the New York Stock Exchange.
-
Initiated the Long Depression of the United States and most of Europe.
-
Lasted three years soon after President McKinley was killed. His death spooked the maket and that year there were also very severe droughts that affected the market.
-
It was a prelude of what was to come. As prices began to drop, panic struck across the country as margin calls were issued.
-
The stock market reached its peak with the Dow Jones.
-
The crash begininngs.
-
Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day.
-
The slump continued until November 23, 1929, when prices seemed to stabilize. However, this was not the end. Over the next two years, the stock market continued to drop.
-
It reached its low point on July 8, 1932 when the Dow Jones Industrial Average closed at 41.22.
-
The number 8 largest drop. Big losses in the Asian markets throughout the night prompted a big sell-off in the U.S. markets. For the first time in history, trading at the New York Stock Exchange was halted mid-day.
-
Number 6th greatest loss. The technology sector was booming and the tech investment bubble was growing. THis clocked its worst day ever with 356 points.
-
Largest single day loss number 3. The worst terrorist attack in U.S. history scarred the New York skyline and shook the New York Stock Exchange, which remained closed for a week after the attack.
-
The number one biggest single day drop. When home values started to slide to their worst prices since the Great Depression, the value of trillions of dollars worth of mortgage-backed securities plummeted, draining banks of their cash.
-
Number 5 worst drop. The steep one-day decline came after news that the auto sales were set to hit record lows for the year and continue to decline throughout 2009. That day General Motors stock fell 31 percent and Ford lost 21 percent.
-
Single greatest day loss number 2. The market did not react fondly when President George W. Bush announced that the U.S. government was going to partially take over the nine largest banks in America.
-
The ninth largest single day loss. Slightly more than a month before an official recession would be declared, the Dow closed with a 514 point loss.
-
Number 4. After a year of profuse job loss, stagnant wages and declining production, the National Bureau of Economic Research officially declared that the United States was in a recession and was not expected to grow again for at least a year.
-
The largest loss number 10 in a single day. Fears that the country is headed for a double-dip recession, coupled with mounting concern that Spain and Italy will slump deeper into the European debt crisis, sparked the worst sell-off since the 2008 recession began. The Dow slid 512.76 points.
-
Number 6. . The downgrade sent shockwaves through stock markets around the world. U.S. investors watched $2.3 trillion in market values vanish in the six-hour.
