This animated plot shows the 15 worst one-week stock market crashes in the history of the Dow Jones Industrial average. The crash this week (ending February 28, 2020) is the 10th largest weekly stock market drop in history. The plot also includes an extra 16th week, October 31, 1929, which includes a two-day drop of 24.5% at the start of the Great Depression.
Note that some weeks that appear in the plot up to 1940 include trading on Saturday.
Ranking of one-week stock crashes and related historical events:
1. October 10, 2008 -18.15%
Great Recession: The failure of several financial institutions around the world leads to a 5-day sell off, resulting in the largest single-week decline of the DOW in history.
2. July 21, 1933 -16.66%
Great Depression Era: Market pulls back sharply after reaching an annual high on Tuesday, as the economy leaves the Great Depression.
3. May 17, 1940 -15.48%
WWII Era: Germany invades France, Belgium and the Netherlands. President Roosevelt requests $896 million from Congress for national defense.
4. October 7, 1932 -15.15%
Great Depression Era: A British proposal to discuss arms equality with Germany fails. Iraq gains independence from Britain and joins the League of Nations.
5. September 21, 2001 -14.26%
The stock market reopens following the September 11 attacks on the World Trade Center in New York City.
6. October 2, 1931 -13.59%
Great Depression Era: Rioting in Britain amid high unemployment. The British Pound loses 20% of its value in ten days.
7. November 8, 1929 -13.52%
Great Depression Era: Market volatility continues after Back Monday and Black Tuesday the previous week, further deepening the depression.
8. September 16, 1932 -13.20%
Great Depression Era: In Germany, Hermann Göring presides over a vote of no confidence against chancellor Franz von Papen, forcing his resignation.
9. October 23, 1987 -13.17%
The market falls 22.6% on Black Monday, the largest single-day decline in history. The single-day drop is almost twice as large as the other Black Monday crash of October 28, 1929.
10. February 28, 2020 -12.36%
The DOW pulls back from the all time high set earlier in the month due to fears related to the spread of Coronavirus (COVID-19).
11. June 20, 1930 -11.85%
Great Depression Era: Fears over the Smoot-Hawley tariff, which imposed import taxes on over 20,000 goods, leads to a stock sell off.
12. December 22, 1899 -11.35%
Market drops 12% in a single Monday in a selling panic, leading to the collapse of several financial companies.
13. May 27, 1932 -10.07%
Great Depression Era: Albert Einstein urges disarmament in Geneva. Tensions rise between Nazis and communists in Prussia, Germany and Poland.
14. April 8, 1932 -9.57%
Great Depression Era: Documents seized by German police reveal Nazi plan to start a civil war. Chile declares martial law to control disorder related to the depression.
15. November 19, 1937 -9.47%
WWII Era: The Nine Power Treaty Conference adopts a declaration condemning Japanese invasion of China.
BONUS
16. October 31, 1929 -6.39%
Great Depression Era: A crash of -24.5% in the first two days of the week, dubbed Black Monday and Black Tuesday, prompt an early halt to weekly trading on Thursday.
Data and Research from multiple sources:
Yahoo Finance: [ Ссылка ]
Wikipedia: [ Ссылка ]
Web Archives: [ Ссылка ]
[ Ссылка ]
Marketwatch: [ Ссылка ]
Song: Court_and_Page (Audio Library)
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