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The 1973–1974 stock market crash caused a bear market between January 1973 and December 1974. Affecting all the major stock markets in the world, particularly the United Kingdom, [1] it was one of the worst stock market downturns since the Great Depression, the other being the financial crisis of 2007–2008. [2]
Souk Al-Manakh stock market crash: Aug 1982 Kuwait: Black Monday: 19 Oct 1987 USA: Infamous stock market crash that represented the greatest one-day percentage decline in U.S. stock market history, culminating in a bear market after a more than 20% plunge in the S&P 500 and Dow Jones Industrial Average. Among the primary causes of the chaos ...
Source: Bureau of Economic Analysis The 1973–1975 recession or 1970s recession was a period of economic stagnation in much of the Western world (i.e. the United States, Canada, Western Europe, Australia, and New Zealand) during the 1970s, putting an end to the overall post–World War II economic expansion.
The only book-length study of the crisis by Reid (1982) blames all those factors but also a bubble of housing prices that saw a 50% increase in London real estate prices over 1971 and the financial uncertainty caused by the end of the Bretton Woods agreement and the inconclusive elections of February 1974. The period was also marked by a series ...
The crisis came to a head during James Callaghan's term as Prime Minister, [7] and caused the Bank of England to withdraw temporarily from the foreign exchange market. [8] After the defeat of the public expenditure white paper in the House of Commons in March 1976 and the resignation of Harold Wilson , many investors became convinced sterling ...
The Wall Street Crash of 1929. Perhaps the most well-known stock market crash in history, the Crash of 1929 was the worst, and longest-lived crash we've had. From September 1929 through July 1932 ...
On Sept. 11, 1974, Eastern Air Lines Flight 212 crashed in Charlotte, killing 72 passengers. Ten people survived. It remains the deadliest plane crash in Charlotte history.
1973: 1973 oil crisis – oil prices soared, causing the 1973–1974 stock market crash. Secondary banking crisis of 1973–1975: United Kingdom. Wall Street on the morning of 14 May during the Panic of 1884; 1980s: Latin American debt crisis – beginning in Mexico in 1982 with the Mexican Weekend. 1980s-1990: Savings and loan crisis.