It wasn’t called The Great Depression for nothing. The years 1930 to 1932 saw the worst stock market crash with investors seeing almost 86% of their funds get blown off into thin air. The decline went on for a staggering 813 days and recovery wasn’t complete until about the 1950’s.
The second worst took place between 1937-1938 when rumors of war and the Wall Street scandals fueled the plunge to about 50%. The “Panic of 1907” is recorded as the third worst stock market crash in history with losses recorded at 48%. The U.S. Treasury had to intervene and buy $36 million worth of government bonds to arrest the steady decline for 665 days.
