CAUSES: Inflation, Protectionism, stock market crash. EFFECTS: Failure of banks, Failure of businesses, Worldwide economic crisis
What defines a stock market crash?
When several closely connected indexes or a wide index drop by double digits quickly, this is known as a stock market crash.
Contrary to bull and bear markets, a stock market crash is not precisely defined by a certain percentage fall, although participants typically recognize one when they see one.
Thus, the words are mentioned above.
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