Over the decades, there have been a few particularly harsh stock market crashes. Near the start of the pandemic in 2020, there was a 34-per-cent stock market drop but a surprisingly quick turnaround followed. In 2008, a global financial crisis, subprime mortgage crisis and burst housing bubble caused many — especially in the United States — to lose their homes, jobs and savings, while the S&P 500 lost 57 per cent of its value.
In this 1929 file photo, stock brokers and others crowd arounds newspapers after the Wall Street stock market crash. Eddie Jackson photo/KRT.While there were reports of an epidemic of suicides following Black Tuesday, only a few such sad immediate cases were documented. A member of the New York Mercantile Exchange, who suffered heavy losses in the crash, jumped from the seventh floor ledge of his lawyer’s office.