PARIS, April 7, 2025 (BSS/AFP) - Monday's stock market collapses in Asia and 
Europe after China retaliated to steep US tariffs revived memories of similar 
market turmoil after the Covid pandemic and the last global financial crisis.

Analysts called the falls "historic" and some even described it as a 
"bloodbath", recalling previous collapses since the start of the last 
century.

- 2020: Pandemic -

Global stocks crashed in March 2020 after the World Health Organization 
declared Covid-19 a pandemic, putting much of the world under lockdown.

On March 12, 2020 -- the day after the announcement -- Paris fell 12 percent, 
Madrid 14 percent and Milan 17 percent. London dropped 11 percent and New 
York 10 percent in the worst fall since 1987.

Further falls came over the following days, with US indexes dropping more 
than 12 percent.

The rapid response by national governments, which dug deep to keep their 
economies afloat, helped most markets rebound within months.

- 2008: Subprime crisis -

The 2008 global financial crisis was caused by bankers in the United States 
giving subprime mortgages to people on shaky financial footing and then 
selling them off as investments, fuelling a housing boom.

When borrowers became unable to pay their mortgages, millions lost their 
homes, the stock market crashed and the banking system buckled, culminating 
with the dramatic bankruptcy of investment bank Lehman Brothers.

From January to October that year, the world's main stock markets fell 
between 30 and 50 percent.

- 2000: Dot.com bubble -

The start of the millennium saw the deflation of the tech bubble caused by 
venture capitalists throwing money at unproven companies.

From a record 5,048.62 points on March 10, 2000, the US tech-heavy Nasdaq 
index lost 39.3 percent in value over the year.

Many internet startups went out of business.

- 1987: Black Monday -

Wall Street crashed on October 19, 1987, on the back of large US trade and 
budget deficits and interest rates hikes.

The Dow Jones index lost 22.6 percent, causing panic on markets worldwide.

- 1929: Wall Street collapse -

October 24, 1929 became known as "Black Thursday" on Wall Street after a bull 
market imploded, causing the Dow Jones to lose more than 22 percent of its 
value at the start of trade.

Stocks recouped most lost ground during the day but the rot set in: October 
28 and 29 also saw huge losses in a crisis that marked the beginning of the 
Great Depression in the United States and a global economic crisis.