12 Wall Street Biggest Crashes

[PAGE-BREAK][/vc_column_text][/vc_column][/vc_row]

US bear market 2007-2009

This 17-month bear market occurred during the financial crisis of 2007-2009. The S&P 500 lost almost 50% of its value but there were strong interventions by governments and central banks to cushion the NYSE.

Image source: twitter

There was continuing debate as to the cause of the bear market. The Republicans and Democrats were strongly divided, and there emerged three camps – those that blamed the economy, those that blamed the Bush administration and others that wanted to shove the blame onto the arriving newbies, the Obama administration.