A “stock market crash” refers to a sudden and significant drop in the value of stock markets, often marked by widespread selling and panic among investors. Crashes can be triggered by various factors, such as economic instability, geopolitical events, excessive speculation, or financial crises.
Lesson 1: Harshad Mehta / 1992 SCAM
Dive into the gripping tale of India’s biggest financial scam that shook the nation in 1992. Experience the rise and fall of Harshad Mehta, a stockbroker who manipulated the system and orchestrated a massive fraud, leaving a trail of devastation in its wake. Uncover the intricate web of deceit, corruption, and ambition that led to the collapse of the stock market and shattered the trust of millions of investors. Don’t miss this riveting series that brings to life the true story of one of India’s most notorious financial criminals.
Lesson 2: DotCom Bubble / 2002 Market Crash
The dot-com bubble was a period of rapid growth and subsequent collapse of internet-based companies during the late 1990s. Fueled by widespread internet adoption and investor enthusiasm, stock prices of dot-com companies soared to unsustainable levels. However, many of these companies lacked solid business models and relied on speculative investments. The bubble burst in 2000, leading to massive stock market losses and the failure of numerous dot-com businesses. This event served as a cautionary tale about the dangers of excessive speculation and the importance of sound financial fundamentals.
Lesson 3: Housing Bubble / 2008 Market Crash
The 2008 market crash, also known as the Great Recession, was a severe economic downturn that began in 2007 and lasted until 2009. It was the most significant financial crisis since the Great Depression of the 1930s. The crisis was caused by a combination of factors, including the collapse of the subprime mortgage market, the failure of several major financial institutions, and a global credit crunch. The crash led to a sharp decline in stock prices, widespread unemployment, and a global recession. Governments around the world responded with various measures, including bank bailouts and stimulus packages, to try to mitigate the effects of the crisis.
Lesson 4: Covid-19 / 2020 Market Crash
The COVID-19 pandemic triggered a severe global market crash in early 2020. Lockdowns, travel restrictions, and economic uncertainty led to plummeting stock prices, oil prices, and widespread job losses. Industries like tourism, hospitality, and retail were particularly hard hit. Governments and central banks responded with stimulus packages and interest rate cuts to stabilize the economy and prevent a deeper recession. While the markets have since recovered, the pandemic’s long-term economic impact is still being assessed.
