crisis

Embarking on a journey through financial history, we uncover chapters marked by the tumultuous waves of stock market crashes. These historical upheavals, from the notorious crash of 1929-1930 to the seismic Black Monday of 1987 and the digital bubble burst in the early 2000s, resonate as critical junctures reshaping economies. Beyond the well-documented crashes, diverse sectors, spanning cannabis to clean energy, have experienced their rise and fall.

Financial crises are seismic events that reverberate through the world of finance and economics, leaving a trail of chaos in their wake. These crises are defined by a sudden and profound disruption in the regular operations of financial markets, institutions, and systems. They can take various forms, including stock market crashes, banking sector turmoil, or currency devaluations, and often set off a chain reaction of economic challenges. At their core, financial crises reflect a loss of confidence and trust in the stability of financial markets and institutions.

The initial impact of the 2020 stock market crash occurred on Monday, March 9th, marked by a historic plummet in the Dow Jones Industrial Average (DJIA), which was the most substantial point decline recorded up to that date. This was succeeded by two more instances of record-breaking point decreases on March 12th and March 16th.

Key events: US - Initial Jobless Claims