Wall Street Meltdown: Global Fallout

Raed Qutena / EPA

NUMBER CRUNCH: New York's crash left investors, such as these in Kuwait, surveying the damage

It sometimes takes a good financial crisis to remind us just how interconnected we are. When the New York stock market crashed in 1929 the economic shockwaves reached London, Paris and beyond, in one of the first examples of global economic contagion. News travels a little faster these days, and markets don't just follow Wall Street's lead, they anticipate it: stocks in parts of Asia dropped even before New York awoke last Monday, previewing the bloodbath that was to come in the U.S. Here's the buzz (and gloom) from five global financial centers — along with the drop in their main...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!