Worst Stock Market Crashes
Sunday, September 2nd, 2007It wasn’t called The Great Depression for nothing. The years 1930 to 1932 saw the worst stock market crash with investors seeing almost 86% of their funds get blown off into thin air. The decline went on for a staggering 813 days and recovery wasn’t complete until about the 1950′s.
The second worst took place between 1937-1938 when rumors of war and the Wall Street scandals fueled the plunge to about 50%. The “Panic of 1907″ is recorded as the third worst stock market crash in history with losses recorded at 48%. The U.S. Treasury had to intervene and buy $36 million worth of government bonds to arrest the steady decline for 665 days.