History: March 16 (#4)

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Contemporary Politics & Power Technology

March 16, 2020 The Dow Jones Industrial Average falls by 2,997.10, the single largest point drop in history and the second-largest percentage drop ever at 12.93%, an even greater crash than Black Monday (1929). This follows the U.S. Federal Reserve announcing that it will cut its target interest rate to 0–0.25%.

Commentary

Source: Wikipedia (CC BY-SA)

On March 16, in the year 2020: The Dow Jones Industrial Average falls by 2,997.10 , the single largest point drop in history and the second-largest percentage drop ever at 12.93%, an even greater crash than Black Monday (1929). This follows the U.S. Federal Reserve announcing that it will cut its target interest rate to 0–0.25%. The Federal Reserve System is the central banking system of the United States.

Commentary

Source: Internal

Why March 16, 2020 matters: The Dow Jones Industrial Average falls by 2,997.10, the single larg est point drop in history and the second-largest percentage drop ever at 12.93%, an even greater crash than Black Monday (1929). This follows the U.S. Federal Reserve announcing that it will cut its target interest rate to 0–0.25%. What began on this day left a lasting mark on history. The effects were felt immediately and continued to shape events, ideas, and lives long afterwards.

Commentary

Source: Internal

Historical context: March 16, 2020 The 21st century has already seen profound shifts: the digital revolution has connected billions while r eshaping politics and culture; climate change has emerged as a defining crisis; and new powers have risen to challenge the world order that followed the Cold War. The event on this day: The Dow Jones Industrial Average falls by 2,997.10, the single largest point drop in history and the second-largest percentage drop ever at 12.93%, an even greater crash than Black Monday (1929). This follows the U.S. Federal Reserve announcing that it will cut its target interest rate to 0–0.25%. Source: https://en.wikipedia.org/wiki/Federal_Reserve (Wikipedia, CC BY-SA)