12 Wall Street Biggest Crashes

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2011 stock markets fall

This was the rapid, steep fall in stock prices which occurred in August 2011 in stock exchanges across the US, Middle East, Europe, and Asia.

Image source: pinterest

It was primarily due to fears of contagion of the European sovereign debt crisis to Spain and Italy, as well as a focus on France’s AAA rating. Standard & Poor’s downgraded America’s credit rating for the first time, and Moody’s also warned of a potential downgrade. Extreme volatility of stock market indexes on the NYSE lasted the rest of the year.