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Black Monday (also known as Black Tuesday in some parts of the world due to time zone differences) was the global, severe and largely unexpected stock market crash on Monday, October 19, 1987. Worldwide losses were estimated at US$1.71 trillion.
Black Monday, global stock market crash that occurred on October 19, 1987. What caused the Black Monday stock market crash? On October 19, 1987, the Dow Jones Industrial Average fell 508 points, about 22.6 percent of its value.
Oct 19, 2017 · Interest in the stock market had never been higher and, for many first-time shareholders, Black Monday came as a considerable shock.
Oct 19, 2017 · But a popular explanation is that Black Monday is the first instance of computer trading gone wrong. At the time, a fledgling computer program used by financial firms around the world...
Oct 18, 2017 · Black Monday crash - 30 years on. The 22.6 per cent slide remains the stock exchange's biggest ever. The FT asks what has changed in the intervening years ...more.
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- Financial Times
The first contemporary global financial crisis unfolded in the autumn of 1987 on a day known infamously as “Black Monday.” 1 A chain reaction of market distress sent global stock exchanges plummeting in a matter of hours.
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Oct 19, 2017 · The day became known as Black Monday as months and years of share price rises were reversed in a single day of trading. One dealer recalls being so stunned "jaws were hitting the desk".
