Category: Economics
Question: The video explains multiple stock market crashes in chronological order. Identify the 7th and 8th cases and, using external authoritative sources, determine: for the 7th case, the approximate percentage decline from peak to trough of the index commonly used to measure the severity of the bubble burst; and for the 8th case, the approximate percentage decline from peak to trough of the US broad-based index. Then answer: which of the two experienced a larger decline, and by approximately how many percentage points do they differ?
Answer: Case 7 shows a larger decline, approximately 77% vs. 57%, a difference of about 20 percentage points