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Source: AFP
Monday's banal marketplace collapses successful Asia and Europe aft China retaliated to steep US tariffs revived memories of akin marketplace turmoil aft the Covid pandemic and the past planetary fiscal crisis.
Analysts called the falls "historic" and immoderate adjacent described it arsenic a "bloodbath", recalling erstwhile collapses since the commencement of the past century.
2020: Pandemic
Global stocks crashed successful March 2020 aft the World Health Organization declared Covid-19 a pandemic, putting overmuch of the satellite nether lockdown.
On March 12, 2020 -- the time aft the announcement -- Paris fell 12 percent, Madrid 14 percent and Milan 17 percent. London dropped 11 percent and New York 10 percent successful the worst autumn since 1987.
Further falls came implicit the pursuing days, with US indexes dropping much than 12 percent.
The accelerated effect by nationalist governments, which dug heavy to support their economies afloat, helped astir markets rebound wrong months.
2008: Subprime situation
The 2008 planetary fiscal situation was caused by bankers successful the United States giving subprime mortgages to radical connected shaky fiscal footing and past selling them disconnected arsenic investments, fuelling a lodging boom.
When borrowers became incapable to wage their mortgages, millions mislaid their homes, the banal marketplace crashed and the banking strategy buckled, culminating with the melodramatic bankruptcy of concern slope Lehman Brothers.
From January to October that year, the world's main banal markets fell betwixt 30 and 50 percent.
2000: Dot.com bubble
The commencement of the millennium saw the deflation of the tech bubble caused by task capitalists throwing money astatine unproven companies.
From a grounds 5,048.62 points connected March 10, 2000, the US tech-heavy Nasdaq scale mislaid 39.3 percent successful worth implicit the year.
Many net startups went retired of business.
1987: Black Monday
Wall Street crashed connected October 19, 1987, connected the backmost of ample US commercialized and fund deficits and involvement rates hikes.
The Dow Jones scale mislaid 22.6 percent, causing panic connected markets worldwide.
1929: Wall Street illness
Source: AFP
October 24, 1929 became known arsenic "Black Thursday" connected Wall Street aft a bull marketplace imploded, causing the Dow Jones to suffer much than 22 percent of its worth astatine the commencement of trade.
Stocks recouped astir mislaid crushed during the time but the rot acceptable in: October 28 and 29 besides saw immense losses successful a situation that marked the opening of the Great Depression successful the United States and a planetary economical crisis.
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Source: AFP
