Following this, tensions escalated and Europe edged towards a wider conflict, which culminated in the outbreak of World War I. World War IIIn September 1939, World War II unfolded with a different economic impact when Adolf Hitler’s Nazi Germany invaded Poland. During World War II (1939-1945), the stock markets moved in phases rather than a straight line. 1973 Yom Kippur WarDuring the Yom Kippur War, stock markets did not collapse immediately but the real damage came from the oil shock that followed. War may come and war may go, but the stock markets go on for ever.

Source: The Hindu March 30, 2026 00:36 UTC