Stock Market Crash 2008 Dates Causes Effects

Stock Market Crash 2008 Dates Causes Effects The timeline below explains exactly how the 2008 stock market crash happened, with an overview of the causes, important dates, and lingering effects. 2007 the dow opened the year at 12,474.52. Henry paulson. financial crisis of 2007–08, severe contraction of liquidity in global financial markets that originated in the united states as a result of the collapse of the u.s. housing market. it threatened to destroy the international financial system; caused the failure (or near failure) of several major investment and commercial banks.

Stock Market Crash 2008 Chart Causes Effects Timeline September 2008: the stock market crashed . on sept. 29, 2008, the stock market crashed. the dow jones industrial average fell 777.68 points in intra day trading. until 2018, it was the largest point drop in history. it plummeted because congress rejected the bank bailout bill. October 14, 2008: having been suspended for three successive trading days (october 9, 10 and 13), the icelandic stock market reopened on october 14, with the main index, the omx iceland 15, closing at 678.4, which was about 77% lower than the 3,004.6 at the close on october 8, after the value of the three big banks, which had formed 73.2% of the value of the omx iceland 15, had been set to. What was the 2008 great recession? the great recession’s official end date was june 2009. how much did the stock market crash during the great recession? on oct. 9, 2007, the dow jones. The 2008 financial crisis was years in the making. a reckoning was due for a years long binge fueled by cheap credit. in mid 2007, two bear stearns hedge funds collapsed, bnp paribas was warning.