What are some of the most significant market crashes in history?
Some significant market crashes include the Great Depression in 1929, the Black Monday crash in 1987, and the 2008 financial crisis.
What caused the Great Depression?
The Great Depression was caused by a combination of factors, including stock market speculation, bank failures, and reduced consumer spending.
How did the 2008 financial crisis differ from previous crashes?
The 2008 financial crisis was primarily driven by the housing bubble and subprime mortgage crisis, leading to widespread bank failures.
What were the long-term effects of these crashes?
Long-term effects include increased regulation in financial markets, changes in monetary policy, and shifts in public trust towards financial institutions.
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