From the COVID-19 panic to the Dutch Tulip mania in 1637, here are 10 of the worst stock market crashes in history

Wall Street Crash, 1929

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The “Roaring 20s” were an age of excess and wild speculation. That all came to an end in September and October 1929, culminating in Black Tuesday, 29 October, when 16 million shares were sold on the NYSE in one day and the market collapsed

On 21st October, panic selling kicked off and by the tragic 29th, prices fully collapsed.

Finance legends like the Rockefeller family and William Durant ventured to correct the market by purchasing large quantities of stocks, but the rapid price drops did not stop.

By 1930, America was in the Great Depression – possibly the most painful crash in recorded history.

It spread well beyond the US, and by 1932, the world’s GDP had contracted around 15%.

Source: History Extra