How much did the stock market crash under Obama?
During the severe global financial crisis and stock market crash of 2008, major U.S. stock indices suffered catastrophic losses of roughly 50 percent from their previous all-time highs. The Dow Jones Industrial Average plunged from its October 2007 peak near 14,164 points down to an intra-year trough below 7,500 points by late 2008, eventually bottoming out near 6,500 points in March 2009. This historic meltdown was driven by the collapse of the subprime mortgage market, widespread banking insolvencies, systemic credit freezes, and the near-collapse of the global financial architecture.
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