Over the last 100 years, there have been a number of large stock market crashes that have plagued the American financial system. For instance, through the Great Depression, stock costs dropped to 10% of their earlier highs and through the crash of 1987, the market fell more than 20% in one day. A stock market crash is a speedy and infrequently unanticipated drop in stock costs. A stock market crash could be a side effect of a significant catastrophic event, financial disaster, or the collapse of an extended-time period speculative bubble.
As client confidence vanished in the wake of the stock market crash, the downturn in spending and investment led factories and other businesses to slow down manufacturing and begin firing their employees...Read More