23h 58min, mar 3, 2000 y - Dot.com Crash
Description:
In March of 2000, Dot.com peaked with many investors investing in any and all internet companies. At its peak and combining all market values of the 280 stocks, it was worth 2.948 trillion dollars then falling to 1.193 trillion dollars in a six month time period. The impact of this fall caused the failure of many businesses. This had a huge effect on the economy causing many bankruptcies and lost profits. Many families witnessed the prices of goods and services go up. This stock fall caused a ripple effect that was felt by many.
Added to timeline:
Date:
23h 58min, mar 3, 2000 y
Now
~ 25 years ago