History: October 24 (#4)

History: October 24 (#4)
Wikimedia Commons, CC BY-SA
October 24, 2008 "Bloody Friday" saw many of the world's stock exchanges experience the worst declines in their history, with drops of around 10% in most indices.

Commentary

Commentary

On October 24, in the year 2008: "Bloody Friday" saw many of the wo rld's stock exchanges experience the worst declines in their history, with drops of around 10% in most indices. A stock market crash is a sudden dramatic decline of stock prices across a major cross-section of a stock market, resulting in a significant loss of paper wealth.

Commentary

Why October 24, 2008 matters: "Bloody Friday" saw many of the wor ld's stock exchanges experience the worst declines in their history, with drops of around 10% in most indices. 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

Historical context: October 24, 2008 The 21st century has already seen profound shifts: the digital revolutio n has connected billions while reshaping 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: "Bloody Friday" saw many of the world's stock exchanges experience the worst declines in their history, with drops of around 10% in most indices. Source: https://en.wikipedia.org/wiki/Stock_market_crash (Wikipedia, CC BY-SA)