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By a coincidence I browsed to this article on Wikipedia.
Worse was the effect in the XX, and particularly on the Stock Exchange's XX, which lost 73% of its value during the crash.[4] From a position of 5.1% real GDP growth in, the XX went into recession, with GDP falling by 1.1%.[1] At the time, the XX's property market was going through a major crisis, and a secondary banking crisis forced the Bank to bail out a number of lenders.[5] In the XX, the crash ended after the rent freeze was lifted on, allowing a readjustment of property prices; over the following year, stock prices rose by 150%.[5] However, unlike in the United States, inflation continued to rise, to 25% in 19XX, giving way to the era of stagflation.
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Worse was the effect in the XX, and particularly on the Stock Exchange's XX, which lost 73% of its value during the crash.[4] From a position of 5.1% real GDP growth in, the XX went into recession, with GDP falling by 1.1%.[1] At the time, the XX's property market was going through a major crisis, and a secondary banking crisis forced the Bank to bail out a number of lenders.[5] In the XX, the crash ended after the rent freeze was lifted on, allowing a readjustment of property prices; over the following year, stock prices rose by 150%.[5] However, unlike in the United States, inflation continued to rise, to 25% in 19XX, giving way to the era of stagflation.
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