Changing Course

Navigating shipping & maritime HR with expert industry insights
Home ยป THE FIVE BIG CRASHES

Share this blog

Found something you want to talk about? Share this article online:

Latest Maritime Vacancies

THE FIVE BIG CRASHES

  • Jun 1, 2009
  • Reading Time: 1 mins
archive

1630s
Tulipomania
At the height of the tulip boom, a single bulb cost the equivalent of £38,000 (US$56,000); six weeks later it was worth less than £1 (US$1.45).

1929
Wall Street Crash
The Dow Jones rose from 60 to 400 points in the 8 years to 1929. It fell to 145 in a matter of weeks at the end of 1929, plunging the US into the great depression

1987
Black Monday (19th October)
The second largest one day crash in history. Why? Lemmings!

1992
Black Wednesday (16th September)
UK interest rates rose from 10% to 15% in one day and Britain exited the Exchange Rate Mechanism. Still George Soros made a mint.

2000
The dotcom bubble burst!

Job has been added to your shortlist.

Shortlist

Your Shortlist

View Shortlist
Website by ionic.