Crashes and banking crises of the late twentieth and early twenty-first century, from Black Monday and the savings and loan failures to Black Wednesday and the 2008 financial crisis. An event belongs here when its cited article dates it after 1929. The group brings together the entries filed under the heading Modern Market Crashes and Banking Crises, so a reader can compare them and move from one to another within the same part of the economic field.
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Modern Market Crashes and Banking Crises
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Black Wednesday (Wikipedia)
Has Member: Black Wednesday, LeadQuote, Has Member: Black Wednesday, Lead
Black Wednesday, or the 1992 sterling crisis, was a financial crisis that occurred on 16 September 1992 when the UK Government was forced to withdraw pound sterling (GBP) from the (first) European Exchange Rate Mechanism (ERM I), following a failed attempt to keep its exchange rate above the lower limit required for ERM participation.
Federal Reserve History: Stock Market Crash of 1987
Federal Reserve HistoryHas Member: Black Monday (1987), Page textQuote, Has Member: Black Monday (1987), Page text
In the United States, the DJIA crashed at the opening bell and eventually finished down 508 points, or 22.6 percent.
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