The 2000 stock market crash was a direct result of the bursting of the dotcom bubble. It popped when a majority of the technology startups that raised money and went public folded when capital went dry. When the Internet took off in the 1990s, many startups launched to make use of the new technology.
What are some of the most significant stock market crashes?
Some of the most significant stock market crashes in U.S. history include the crash in 1929 that preceded the Great Depression, the crash in 1987, known as Black Monday, the dotcom bubble crash in 2001, the 2008 crash related to the Financial Crisis, and the 2020 crash following the outbreak of COVID.
What is a stock market crash?
The term "stock market crash" refers to a sudden and substantial drop in stock prices. Stock market crashes are often the result of several economic factors, including speculation, panic selling, or economic bubbles. They may occur amid the fallout of an economic crisis or major catastrophic event.
