History repeats itself? On Friday, April 5, the US stock market turmoil intensified as China responded to tariffs announced by US President Donald Trump, increasing fears of a prolonged trade war and its potential impact on the global economy.
Back in 1929, the US stock market lost over 20% of its value in two days, and 50% within three weeks. That was the famous Wall Street Crash that ushered in the great depression of the 1930s.
Nearly 96 years later, on April 5, 2025, a similar crash occurred after three major US stock indexes fell over 5%, with the S&P 500 declining nearly 6%, marking the worst week for the US stock market since 2020.
With fears of a global recession on the rise, here’s a look at biggest market crashes in the past:
Stock Market Crash 1929
This 79% stock market loss was the worst drop in the past 150 years, and ushered in the Great Depression.
(This is a developing story. Keep checking for more updates)
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