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8 of the biggest stock market crashes in history - and how they changed our financial lives


8 of the biggest stock market crashes in history - and how they changed our financial lives
8 of the biggest stock market crashes in history - and how they changed our financial lives
Rebecca ReisnerDec 12, 2020, 06:25 IST
Stock market crashes, like the one in October 1929, don t single-handedly cause depressions, but they often expose weaknesses in the economy.ullstein bild Dtl. / Contributor/Getty Images
Stock market crashes can leave positive legacies in their wake even though they cause plenty of immediate pain.
In the US, stock market crashes led to the creation of the Federal Reserve System, the SEC, and the FDIC.
While the triggers for stock market crashes vary, the ultimate outcome is always the same: the market recovers. ....

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