New Delhi, April 8 -- The Indian stock market experienced one of its steepest single-day declines on April 7, as both benchmark indices - Sensex and Nifty 50 - plunged over 3%. The bloodbath on Dalal Street was triggered by a global market meltdown, driven by concerns over the US President Donald Trump's tariff policies and growing fears that an extended trade war could push the global economy toward a recession.

When we talk about stock market crashes in India, the infamous Harshad Mehta scam of 1992 or the global financial meltdown of 2008 often come to mind. But few know that India witnessed its first-ever stock market crash way back in 1865 - nearly 150 years ago. And interestingly, it had a strong American connection.

The backdrop ...