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Early 1990s Recession
Iraq invaded Kuwait which caused oil prices to increase. The Dow dropped 18% in three months, from 2,911.63 on July 3 to 2,381.99 on October 16,1990. This recession lasted around 8 months. -
Japanese Asset Price Bubble
Lasting almost twenty years, share and property price bubble bursts and turns into a long deflationary recession. -
Black Wednesday
The Conservative government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism after they were unable to keep sterling above its agreed lower limit. -
Asian Financial Crisis
Investors deserted emerging Asian shares, including an overheated Hong Kong stock market. Crashes occur in many Asian countries reaching a climax in the October 27, 1997 mini-crash. -
Mini Crash
Global stock market crash that was caused by an economic crisis in Asia. -
Russian Financial Crisis
The Russian government devalues the ruble, defaults on domestic debt, and declares a temporary prohibition on payment to foreign creditors. -
Dot-Com Bubble
Collapse of a technology bubble. -
Economic Effects from 9/11
The September 11 attacks caused global stock markets to drop sharply. The attacks alone caused approximately $40 billion in insurance losses, making it one of the largest insured events ever. -
Stock Market Downturn of 2002
Downturn in stock prices during 2002 in stock exchanges across the United States, Canada, Asia, and Europe. After recovering from lows reached following the September 11 attacks, indices slid steadily starting in March 2002, with large declines in July and September leading to lows last reached in 1997 and 1998. -
Chinese Stock Bubble of 2007
The SSE Composite Index of the Shanghai Stock Exchange decreases 9% from unexpected selloffs triggering major drops in worldwide stock markets. -
United States Bear Market 2007-2009
Till June 2009, the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 all experienced declines of greater than 20% from their peaks in late 2007. -
Financial Crisis of 2007-2008
Failure of large banks in the US quickly resulted in a global crisis resulting in bank failures in Europe and reduced the value of equities/commodities worldwide. Failure of banks in Iceland resulted in a devaluation of their currency & threatened the government with bankruptcy but were able to get a loan from the IMF. Bush signed the Emergency Economic Stabilization Act into law, creating a TARP to purchase failing bank assets. Had disastrous effects on the world economy along with world trade. -
Dubai Debt Standstill
Dubai requests the ability to put their debt off for a period of time following its massive renovation and development projects, as well as the Great Recession. The announcement causes global stock markets to drop. -
European Sovereign Debt Crisis
Standard & Poor's downgrades Greece's sovereign credit rating to junk four days after the activation of a €45-billion EU–IMF bailout, triggering the decline of stock markets worldwide and of the Euro's value, and furthering a European sovereign debt crisis. -
Flash Crash
The Dow Jones Industrial Average suffers its worst intra-day point loss, dropping nearly 1,000 points before partially recovering. -
Stock Market Falls
S&P 500 entered a short-lived bear market between 2 May 2011 and 04 October 2011, a decline of 21.58%. The intraday high was 1,370.58 and the low was 1,074.77. The stock market rebounded and ended the year flat. -
Chinese Stock Market Crash
China stock market crash starts in June and continues through July and August. In January 2016, Chinese stock market experiences a steep sell-off which sets off a global rout. -
Stock Market Selloff
The Dow Jones fell 588 points during a two-day period, 1,300 points from August 18–21. On Monday, August 24, world stock markets were down, wiping out all gains made in 2015, and most of Asian currencies, but the Japanese yen, losing value against the United States dollar. With this plunge, an estimated ten trillion dollars had been wiped off the books on global markets since June 3.
