How Financial Crises Affected Wall Street

Since 1900, there have been 11 financial crises that made a major impact on the market. Seven of those crises resulted in severe bear markets. The 1929 crash caused the most damage; the Dow tanked 89.2%. The 2007-08 credit crisis came in second, with a 53.8% loss.

Source: Stock Trader’s Almanac 2010