Financial market failures have been with us for as long as there has been a market. These economic downturns can be attributed to various factors, things such as a declaration of war, the end of a war, bad loans, or simply by the natural course of events. Some recessions are fleeting and insignificant enough to fade from public memory within a few years. Others, however, the Great Depression for example, or the market crash of 2008, have left a lasting impact on global cultures and societies.
Explore further to discover the most severe financial collapses in history.