Financial horror stories – when stock markets crash

BREWIN DOLPHIN 1762 FINANCIAL OROR STORIES WHEN STOCK MARKETS CRASH 1637 Tulip Mania First recorded speculative bubble 1720 South Sea Bubble A speculative bubble involving the. shares.of the South Sea company who was granted monopoly on trade with Spain's colonies in South America and the West Indies in exchange for taking on a portion of England's war debt. Shares reached a peak of £1,000 per share in August 1720 1762 Fell to £150 per share Credit Crisis Collapse of banking house Neal, James, Fordyce and Down stirred panic in London, spread to Europe. in September 1720 Led to paralysis of credit system and 20 banking houses going bankrupt 1929 Wall Street Crash October 1929 – crash signalled beginning of the 10 year great depression Over 24% loss on Dow Jones 1973/74 Stock market crash Crash came after OCTOBER 1987 collapse of the Bretton Woods system Black Monday Crash started in Hong Kong and spread to Europe, then America. FT 30 (forerunner of FTSE 100) lost 73% ▼ of value during crash Began on 14 Oct - by end Oct: Dow Jones fell 22.6%. ▼ FTSE 100 26.45%. ▼ Hong Kong stock exchange by 45.8%, ' Australia 41.8% and Dow Jones lost over 45% ▼ Spain by 31% MARCH 2000 Dotcom bubble Between March 2000 and 2007/2008 October 2002, the NASDAQ lost 78% ▼ Global financial crisis Threatened total collapse of large financial institutions of its value FTSE 100 lost 45%▼ between Dow Jones fell over 50%▼ December 1999 and over 17 months January 2003 In 2008 FTSE lost 31%▼ of its value wiping off £500 billion from the UK's largest companies f /brewindolphin @brewindolphin www.brewin.co.uk