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The crash of the unofficial stock market finally came in August 1982, when a dealer presented a postdated check from a young Passport Office employee for payment and it bounced. By September 1982, the Kuwaiti Ministry of Finance ordered all dubious checks to be turned in for clearance, and shut down the Souk Al-Manakh.
Other events of 1982 List of years in Kuwait Timeline of Kuwaiti history: ... Souk Al-Manakh stock market crash, late 1982; Births. 29 May – Saleh Al Sheikh;
Souk Al-Manakh stock market crash: Aug 1982 Kuwait: Black Monday: 19 Oct 1987 USA: Infamous stock market crash that represented the greatest one-day percentage decline in U.S. stock market history, culminating in a bear market after a more than 20% plunge in the S&P 500 and Dow Jones Industrial Average. Among the primary causes of the chaos ...
1982 in Kuwait; 0–9. ... Souk Al-Manakh stock market crash This page was last edited on 1 March 2019, at 13:02 (UTC). Text is available under the Creative ...
Getty Images/Image Source In 1602, the Dutch East India Co. established the Amsterdam Bourse, now recognized as the world's oldest stock exchange. However, it wasn't until 1720 that the first ...
A hundred-year October storm. One million people left without electricity. The Stock Exchange remains closed, but on the next trading day, sell orders flood the New York Stock Exchange, and the ...
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“Black Monday” was a crash that ended up hitting the US stock market, causing it to plummet.Then by April 1988, the stock reached past its October record breaking peak and hit Y38,915. [2] Japan’s recession was prolonged into the 90s and they were not able to recover from the increased prices until the early 2000s.