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Soma economic analysts attribute the crash to human rationality and problems with economic equilibrium.
Some of the international stock losses included Hong Kong that lost 45.8%, Australia lost 41.8%, Spain lost 31% and the stock market in the UK lost 26.4%. Consumer pessimism caused the market to drop to its lowest point on October 20...
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Although no clear reasons have been found for the events on Black Monday, some economic analysts attribute the crash to human rationality and problems with economic equilibrium.
Recessions in US History
- Panic of 1907 (1907 - 1908), begins with a run on Knickerbockers Trust Company stock October 22nd 1907 sets events in motion that will lead to a depression in the United States...
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