Market shocks, booms, and the deals that moved the world
On 19 October1987, global stocks fell off a cliff the Dow dropped 22.6% in a single session. No recession, no war. Just panic, at the speed of a screen.
After 1929, a quarter of Americans couldn't find work. Factories went silent, banks evaporated, and an entire decade learned what scarcity really meant.
Through the 1920s, Americans bought stocks on borrowed money. On 24 October1929, the lenders called, the crowd panicked, and the bill came due.
In July 1944, as war still raged, 730 delegates from 44 nations met at a New Hampshire resort to invent the financial order that would follow the fighting.