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Late June 2008: Despite the U.S. stock market falling to a 20% drop off its highs, commodity-related stocks soared as oil traded above $140/barrel for the first time and steel prices rose above $1,000 per ton. Worries about inflation combined with strong demand from China encouraged people to invest in commodities during the 2000s commodities boom.
The stock market crash of 2008 occurred on September 29, 2008. The Dow Jones Industrial Average fell by 777.68 points in intraday trading. Until the stock market crash of March 2020 at the start of the COVID-19 pandemic, it was the largest point drop in history.
Read on to learn the reasons for one of the U.S. worst stock market crises. The 2008 financial crisis resulted from a convergence of multiple factors, including a housing bubble, risky...
Many market downturns, including the 1929 crash, the dotcom bubble of 2000, and the 2008 financial crisis, were fueled by excessive speculation and high levels of leverage. In the worst crashes,...
From a 17th‑century Dutch tulip craze to the infamous 1929 stock market crash, learn the stories behind six historical booms that eventually went bust.
The U.S. economy was in a full-blown recession by the winter of 2008. Stock markets around the world were tumbling more than they had since the September 11, 2001, terrorist attacks.
financial crisis of 2007–08, severe contraction of liquidity in global financial markets that originated in the United States as a result of the collapse of the U.S. housing market.
Here are some of the most important milestones in a Great Recession timeline of the financial crisis—also known as the 2008 recession—which lasted in the United States from mid-2007 to June of...
In 2007, losses on mortgage-related financial assets began to cause strains in global financial markets, and in December 2007 the US economy entered a recession. That year several large financial firms experienced financial distress, and many financial markets experienced significant turbulence.
At its core, the crisis was caused by a toxic combination of deregulation, excessive risk-taking, lax lending standards, and the bursting of a massive housing bubble. But the seeds of the crash were sown over many years through flawed policy decisions and unchecked market excesses.