List of stock market crashes and bear markets - wikipedia List of stock market crashes and bear markets This is a list of stock market crashes and bear markets in Europe and United States. Contents 1 Table 2 See also 3 Notes 4 References Table Name Date Country Causes Ref Kipper und Wipper 000000001623 - 01 - 01 - 0000 1623 A financial crisis caused by debased ( fraudulent ) foreign coins minted in the Holy Roman Empire from 1621 -- 1623, done to raise funds at the start of the Thirty Years ' War Tulip mania Bubble 000000001637 - 01 - 01 - 0000 1637 A bubble ( 1633 -- 37 ) in the Netherlands during which contracts for bulbs of tulips reached extraordinarily high prices, and suddenly collapsed The Mississippi Bubble 000000001720 - 01 - 01 - 0000 1720 Banque Royale by John Law stopped payments of its note in exchange for specie and as result caused economic collapse in France. South Sea Bubble of 1720 000000001720 - 01 - 01 - 0000 1720 Affected early European stock markets, during early days of chartered joint stock companies Bengal Bubble of 1769 000000001769 - 01 - 01 - 0000 1769 Primarily caused by the British East India Company, whose shares fell from £ 276 in December 1768 to £ 122 in 1784 Credit crisis of 1772 000000001772 - 01 - 01 - 0000 1772 Financial Crisis of 1791 -- 92 000000001791 - 01 - 01 - 0000 1791 Shares of First bank of US boom and bust in Aug and Sept 1791. Groundwork of Alexander Hamilton 's cooperation with the Bank of New York to end this event would be crucial in ending the Panic of 1792 next year. Panic of 1796 -- 97 000000001796 - 01 - 01 - 0000 1796 A series of downturns in Atlantic credit markets led to broader commercial downturns in Great Britain and the United States. Panic of 1819 000000001819 - 01 - 01 - 0000 1819 Panic of 1825 000000001825 - 01 - 01 - 0000 1825 Panic of 1837 000000001837 - 05 - 10 - 0000 10 May 1837 Panic of 1847 000000001847 - 01 - 01 - 0000 1847 Panic of 1857 000000001857 - 01 - 01 - 0000 1857 Panic of 1866 000000001866 - 01 - 01 - 0000 1866 Black Friday 000000001869 - 09 - 24 - 0000 24 Sep 1869 Panic of 1873 000000001873 - 05 - 09 - 0000 9 May 1873 Initiated the Long Depression in the United States and much of Europe Paris Bourse crash of 1882 000000001882 - 01 - 19 - 0000 19 Jan 1882 Panic of 1884 000000001884 - 01 - 01 - 0000 1884 Encilhamento 000000001890 - 01 - 01 - 0000 1890 Lasting 3 years, 1890 -- 1893, a boom and bust process that boomed in late 1880s and burst on early 1890s, causing a collapse in the Brazilian economy and aggravating an already unstable political situation. Panic of 1893 000000001893 - 01 - 01 - 0000 1893 Panic of 1896 000000001896 - 01 - 01 - 0000 1896 Panic of 1901 000000001901 - 05 - 17 - 0000 17 May 1901 Lasting 3 years, the market was spooked by the assassination of President McKinley in 1901, coupled with a severe drought later the same year. Panic of 1907 000000001907 - 10 - 01 - 0000 Oct 1907 Lasting over a year, markets took fright after U.S. President Theodore Roosevelt had threatened to rein in the monopolies that flourished in various industrial sectors, notably railways. Wall Street Crash of 1929 000000001929 - 10 - 24 - 0000 24 Oct 1929 Lasting over 4 years, the bursting of the speculative bubble in shares led to further selling as people who had borrowed money to buy shares had to cash them in, when their loans were called in. Also called the Great Crash or the Wall Street Crash, leading to the Great Depression. Recession of 1937 -- 38 000000001937 - 01 - 01 - 0000 1937 Lasting around a year, this share price fall was triggered by an economic recession within the Great Depression and doubts about the effectiveness of Franklin D. Roosevelt 's New Deal policy. Kennedy Slide of 1962 000000001962 - 05 - 28 - 0000 28 May 1962 Also known as the ' Flash Crash of 1962 ' Brazilian Markets Crash of 1971 000000001971 - 07 - 01 - 0000 July 1971 Lasting through the 1970s and early - 1980s, this was the end of a boom that started in 1969, compounded by the 1970s energy crisis coupled with early 1980s Latin American debt crisis. 1973 -- 74 stock market crash 000000001973 - 01 - 01 - 0000 Jan 1973 Lasting 23 months, dramatic rise in oil prices, the miners ' strike and the downfall of the Heath government. Souk Al - Manakh stock market crash 000000001982 - 08 - 01 - 0000 Aug 1982 Black Monday 000000001987 - 10 - 19 - 0000 19 Oct 1987 Rio de Janeiro Stock Exchange Crash 000000001989 - 06 - 01 - 0000 June 1989 Rio de Janeiro Stock Exchange Crash, due to its weak internal controls and absence of credit discipline, that led to its collapse, and of which it never recovered Friday the 13th mini-crash 000000001989 - 10 - 13 - 0000 13 Oct 1989 Failed leveraged buyout of United Airlines causes crash Early 1990s recession 000000001990 - 07 - 01 - 0000 July 1990 Iraq invaded Kuwait in July 1990, causing oil prices to increase. The Dow dropped 18 % in three months, from 2,911.63 on July 3 to 2,381.99 on October 16, 1990. This recession lasted approximately 8 months. Japanese asset price bubble 000000001991 - 01 - 01 - 0000 1991 Lasting approximately twenty years, through at least the end of 2011, share and property price bubble bursts and turns into a long deflationary recession. Some of the key economic events during the collapse of the Japanese asset price bubble include the 1997 Asian financial crisis and the Dot - com bubble. In addition, more recent economic events, such as the late - 2000s financial crisis and August 2011 stock markets fall have prolonged this period. Black Wednesday 000000001992 - 09 - 16 - 0000 16 Sep 1992 The Conservative government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism ( ERM ) after they were unable to keep sterling above its agreed lower limit. 1997 Asian financial crisis 000000001997 - 07 - 02 - 0000 2 July 1997 Investors deserted emerging Asian shares, including an overheated Hong Kong stock market. Crashes occur in Thailand, Indonesia, South Korea, Philippines, and elsewhere, reaching a climax in the October 27, 1997 mini-crash. October 27, 1997, mini-crash 000000001997 - 10 - 27 - 0000 27 Oct 1997 Global stock market crash that was caused by an economic crisis in Asia. 1998 Russian financial crisis 000000001998 - 08 - 17 - 0000 17 Aug 1998 The Russian government devalues the ruble, defaults on domestic debt, and declares a moratorium on payment to foreign creditors. Dot - com bubble 000000002000 - 03 - 10 - 0000 10 March 2000 Collapse of a technology bubble. Economic effects arising from the September 11 attacks 000000002001 - 09 - 11 - 0000 11 Sep 2001 The September 11 attacks caused global stock markets to drop sharply. The attacks themselves caused approximately $40 billion in insurance losses, making it one of the largest insured events ever. See world economic effects arising from the September 11 attacks. Stock market downturn of 2002 000000002002 - 10 - 09 - 0000 9 Oct 2002 Downturn in stock prices during 2002 in stock exchanges across the United States, Canada, Asia, and Europe. After recovering from lows reached following the September 11 attacks, indices slid steadily starting in March 2002, with dramatic declines in July and September leading to lows last reached in 1997 and 1998. See stock market downturn of 2002. Chinese stock bubble of 2007 000000002007 - 02 - 27 - 0000 27 Feb 2007 The SSE Composite Index of the Shanghai Stock Exchange tumbles 9 % from unexpected selloffs, the largest drop in 10 years, triggering major drops in worldwide stock markets. United States bear market of 2007 -- 09 000000002007 - 10 - 11 - 0000 11 Oct 2007 Till June 2009, the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 all experienced declines of greater than 20 % from their peaks in late 2007. Financial crisis of 2007 -- 08 000000002008 - 09 - 16 - 0000 16 Sep 2008 On September 16, 2008, failures of large financial institutions in the United States, due primarily to exposure of securities of packaged subprime loans and credit default swaps issued to insure these loans and their issuers, rapidly devolved into a global crisis resulting in a number of bank failures in Europe and sharp reductions in the value of equities ( stock ) and commodities worldwide. The failure of banks in Iceland resulted in a devaluation of the Icelandic króna and threatened the government with bankruptcy. Iceland was able to secure an emergency loan from the IMF in November. Later on, U.S. President George W. Bush signs the Emergency Economic Stabilization Act into law, creating a Troubled Asset Relief Program ( TARP ) to purchase failing bank assets. Had disastrous effects on the world economy along with world trade. 2009 Dubai debt standstill 000000002009 - 11 - 27 - 0000 27 Nov 2009 Dubai requests a debt deferment following its massive renovation and development projects, as well as the Great Recession. The announcement causes global stock markets to drop. European sovereign debt crisis 000000002010 - 04 - 27 - 0000 27 April 2010 Standard & Poor 's downgrades Greece 's sovereign credit rating to junk four days after the activation of a € 45 - billion EU -- IMF bailout, triggering the decline of stock markets worldwide and of the Euro 's value, and furthering a European sovereign debt crisis. 2010 Flash Crash 000000002010 - 05 - 06 - 0000 6 May 2010 The Dow Jones Industrial Average suffers its worst intra-day point loss, dropping nearly 1,000 points before partially recovering. August 2011 stock markets fall 000000002011 - 08 - 01 - 0000 1 Aug 2011 Stock markets around the world plummet during late July and early August, and are volatile for the rest of the year. 2015 -- 16 Chinese stock market crash 000000002015 - 06 - 12 - 0000 12 June 2015 China stock market crash starts in June and continues into July and August. In January 2016, Chinese stock market experiences a steep sell - off which sets off a global rout. 2015 -- 16 stock market selloff 000000002015 - 08 - 18 - 0000 18 August 2015 The Dow Jones fell 588 points during a two - day period, 1,300 points from August 18 -- 21. On Monday, August 24, world stock markets were down substantially, wiping out all gains made in 2015, with interlinked drops in commodities such as oil, which hit a six - year price low, copper, and most of Asian currencies, but the Japanese yen, losing value against the United States dollar. With this plunge, an estimated ten trillion dollars had been wiped off the books on global markets since June 3. See also List of recessions in the United States List of economic crises List of recessions in the United Kingdom Economic bubble List of banking crises List of largest daily changes in the Dow Jones Industrial Average Notes Jump up ^ `` `` Kipper und Wipper '' : Rogue Traders, Rogue Princes, Rogue Bishops and the German Financial Meltdown of 1621 - 23 '' by Mike Dash, Smithsonian, March 29, 2012 Jump up ^ Dash, Mike `` Tulipomania : The Story of the World 's Most Coveted Flower & the Extraordinary Passions It Aroused '' 2001 Jump up ^ James D. Henderson, Helen Delpar & Maurice P. Brungardt `` A Reference Guide to Latin American History '' Richard Weldon Editor -- M.E. Sharpe Inc. 2000, ISBN I563247445 page 172, 2nd column, `` 1890 '' ( 2nd paragraph ) Jump up ^ Jeffrey D. Needell ; `` A Tropical Belle Epoque : Elite Culture and Society in Turn - of - the - Century '' Cambridge University Press 1987 Pages 10 & 12 Jump up ^ Gail D. Triner ; `` Banking and economic development : Brazil, 1889 -- 1930 '' Palgrave TM 2000 ISBN 0 - 312 - 23399 - X Pages 44 -- 74 Jump up ^ Viscount of Taunay ; `` O Encilhamento ; scenas contemporaneas da Bolsa do Rio de Janeiro em 1890, 1891 e 1892 '' ( in Portuguese ) ( `` The Encilhamento : contemporary scenes of Rio Stock Exchange in 1890, 1891 & 1892 '' ) Editora Melhoramentos, Rio 1893 Jump up ^ `` Back to the Future : Lessons From the Forgotten ' Flash Crash ' of 1962 '' ( 1 ) Jump up ^ Gary Previts, Peter Walton & Peter Wolnizer `` A Global History of Accounting, Financial Reporting And Public Policy ; Americas -- Volume 14B '' The University of Sydney / The Accounting Foundation, Emerald Group Publishing Limited 2011 ISBN 978 - 0 - 85724 - 811 - 4 Page 41, from the last paragraph Jump up ^ Detailed PDF Archived 2012 - 12 - 03 at the Wayback Machine. Academic work about the subject ( in Portuguese ) UNICAMP june 2007 Jump up ^ Marta Barcellos & Simone Azevedo ; `` Histórias do Mercado de Capitais no Brasil '' ( `` Histories of Financial Markets in Brazil '' ) ( in Portuguese ) Campus Elsevier Brazil 2011 ISBN 85 - 352 - 3994 - 4 Introduction and Chapter 4 Jump up ^ Markham, Jeffrey W. `` A Financial History of the United States ; Volume III ( 1970 -- 2001 ) '' M.E. Sharpe 2002 ISBN 0 - 7656 - 0730 - 1 page 147, from last paragraph Jump up ^ Article Archived 2013 - 10 - 21 at the Wayback Machine. about the decline of Rio Stock Exchange. Last 3 paragraphs are about the 1989 crash Jump up ^ Barcellos & Azevedo 2011, Pages 141 - 142 ; 149 to 151, and 154 Jump up ^ Chen, Shu - Ching Jean ; Kwok, Vivian Wai - yin ( 27 February 2007 ). `` Black Tuesday In China ''. Forbes. Retrieved 25 September 2011. Jump up ^ `` Share sale knocks Chinese market ''. BBC News. 27 February 2007. Retrieved 25 September 2011. Jump up ^ Han, Pliny ( 27 February 2007 ). `` Chinese shares slump sharply, down 8.84 % ''. Xinhua News Agency. Retrieved 25 September 2011. Jump up ^ Browning, E.S. ( 28 June 2008 ). `` Dow Hits Bear - Market Territory, Signaling Woe for Economy ''. The Wall Street Journal. Retrieved 25 September 2011. Jump up ^ Korkki, Phyllis ( 4 March 2007 ). `` A Scary Tuesday Was No Black Monday ''. The New York Times. Retrieved 25 September 2011. Jump up ^ `` IMF approves $2.1 bn Iceland loan ''. BBC News. 20 November 2008. Retrieved 25 September 2011. Jump up ^ Sahadi, Jeanne ( 4 October 2008 ). `` Bailout is law ''. CNN. Retrieved 25 September 2011. Jump up ^ Robertson, David ( 30 November 2009 ). `` Investors face huge losses as debt - ridden Dubai World is abandoned by government ''. The Times. Retrieved 25 September 2011. Jump up ^ `` Greek bonds rated ' junk ' by Standard & Poor 's ''. BBC News. 2010 - 04 - 27. Retrieved 2010 - 04 - 28. Jump up ^ `` Greece crisis : Euro markets hit again ''. BBC News. 2010 - 04 - 28. Retrieved 2010 - 04 - 28. Jump up ^ `` Greece crisis deepens on global market sell - off ''. CNN. 2010 - 04 - 28. Retrieved 2010 - 04 - 28. Jump up ^ Moyer, Liz ( 7 May 2010 ). `` Was The Market Mayhem A Mistake ? Maybe Not ''. Forbes. Retrieved 25 September 2011. Jump up ^ `` Chinese stock market beats Wall Street and FTSE by closing up in 2015 ''. telegraph.co.uk. Jump up ^ `` Today 's Stock Market News and Analysis from Nasdaq.com ''. nasdaq.com. Jump up ^ Editorial, Reuters. `` Shanghai stocks poised to end 2015 up nearly 10 pct, beating Wall Street ''. reuters.com. Jump up ^ `` Shanghai Composite Index ends year up nearly 10 % ''. atimes.com. Jump up ^ Mulligan, Mark ( 29 July 2015 ). `` Chinese consumers ' laugh off ' stock market gyrations ''. smh.com.au. Jump up ^ Shan Li ; Andrea Chang ; Paresh Dave ( August 21, 2015 ). `` Stock market suffers worst one - day drop since 2008 ''. Los Angeles Times. Retrieved August 24, 2015. Jump up ^ `` customRangeStart '' : 1440054000, `` customRangeEnd '' : 1440399600, `` range '' : `` custom '', `` allowChartStacking '' : true ) `` DJI Interactive Stock Quote ''. Yahoo Finance. Yahoo ! Inc. August 24, 2015. Retrieved August 24, 2015. Jump up ^ Popper, Nathaniel ; Gough, Neil ( August 23, 2015 ). `` Global Stocks Tumble Further Amid Doubts About China ''. New York Times. Retrieved August 24, 2015. Jump up ^ Popper, Nathaniel ; Gough, Neil ( August 23, 2015 ). `` Global Stocks Tumble Further Amid Doubts About China ''. New York Times. Retrieved August 24, 2015. References Sobel, Robert ( 1988 ). Panic on Wall Street : A Classic History of America 's Financial Disasters with a New Exploration of the Crash of 1987. New York : Truman Talley Books / Dutton. ISBN 0 - 525 - 48404 - 3. Stock market crashes 17th century Early stock market crashes in the Dutch Republic 18th century The Mississippi Bubble South Sea Bubble of 1720 Panic of 1792 Panic of 1796 -- 97 19th century Panic of 1819 Panic of 1825 Panic of 1837 Panic of 1847 Panic of 1857 Black Friday ( 1869 ) Panic of 1873 Paris Bourse crash of 1882 Panic of 1884 Encilhamento Panic of 1893 Panic of 1896 20th century Panic of 1901 Panic of 1907 Depression of 1920 -- 21 Wall Street Crash of 1929 Recession of 1937 -- 38 1971 Brazilian markets crash 1973 -- 74 stock market crash Souk Al - Manakh stock market crash ( 1982 ) Japanese asset price bubble ( 1986 -- 1991 ) Black Monday ( 1987 ) Rio de Janeiro Stock Exchange collapse Friday the 13th mini-crash ( 1989 ) 1990s Japanese stock market crash Dot - com bubble ( 1995 -- 2000 ) 1997 Asian financial crisis October 27, 1997, mini-crash 1998 Russian financial crisis 21st century Economic effects arising from the September 11 attacks ( 2001 ) Stock market downturn of 2002 Chinese stock bubble of 2007 United States bear market of 2007 -- 09 Financial crisis of 2007 -- 08 Dubai debt standstill European debt crisis 2010 Flash Crash 2011 Tōhoku earthquake and tsunami ( Aftermath ) August 2011 stock markets fall 2011 Bangladesh share market scam 2015 -- 16 Chinese stock market turbulence 2015 -- 16 stock market crash 2016 United Kingdom EU referendum ( Aftermath ) See also : List of stock market crashes and bear markets Retrieved from `` https://en.wikipedia.org/w/index.php?title=List_of_stock_market_crashes_and_bear_markets&oldid=834228065 '' Categories : Finance lists Financial problems Stock market Stock market crashes Hidden categories : Articles with Portuguese - language external links Webarchive template wayback links Talk Article Talk Contents About Wikipedia Русский Edit links This page was last edited on 4 April 2018, at 16 : 05. 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Question: when is the last time the stock market crashed
Answer: 18 August 2015