Stock Market Crashes A stock market crash is often defined as a sharp dip in (31) ... prices of equities listed on the stock exchanges. In parallel (32) ... various economic factors, a reason for stock market crashes is also (33) ... to panic and investing public’s loss of confidence. Often, stock market crashes end speculative economic bubbles. There have been famous stock market crashes that have ended in the (34) ... of billions of dollars and wealth destruction on a massive scale. An increasing (35) ... of people are involved in the stock market, especially since the social security and retirement plans are (36) ... increasingly privatized and linked to stocks and bonds and other elements of the market. There have been a number of famous stock market crashes like the (37) ... Street Crash of 1929, the stock market crash of 19734, the Black Monday of 1987, the Dot-corn bubble of 2000, and the Stock Market Crash of 2008. One of the most famous stock market crashes started October 24, 1929 on Black Thursday. The Dow Jones Industrial lost 50 % during this stock market crash. It was the beginning of the Great Depression. (38) ... famous crash took place on October 19, 1987-Black Monday. The crash began in Hong Kong and quickly (39) ... around the world. By the (40) ... of October, stock markets in Hong Kong had fallen 45.5 % %, Australia 41.8 % %, Spain 31% %, the United Kingdom 26.4 % %, the United States 22.68 % %, and Canada 22.5 % %.