The stock market crash of 2000 was the most significant economic event in recent history. It was a result of a bubble that burst and led to the bursting of the dot-com bubble.
The stock market crashed in 2000, causing many people to lose their life savings. The US government had to intervene and bail out banks, financial institutions, and investors.
A lot of people lost their life savings because they invested in stocks instead of other assets like bonds or cash.
The stock market crashed in 2000 due to the bursting of the dot-com bubble.
The stock market crash in 2000 was a major event that led to a huge decrease in the value of stocks. It is estimated that the total loss on paper was $5 trillion. This includes lost retirement accounts, lost savings, and lost investments.
The stock market crash of 2000 was a major worldwide economic decline that started on Monday, October 19, 2000 and continued for about four weeks.
The first day of the crash saw the Dow Jones Industrial Average fall 508 points, or 22.6%, to 11,738. The NASDAQ Composite fell 89 points, or 23%, to 2,146. The S&P 500 Index lost 57 points or 17% to 1,078.
The Dow Jones Industrial Average closed at 11,738 on October 19th and never recovered to reach its previous high again until August 2007 when it reached 14,164.