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Black Monday (also known as Black Tuesday in some parts of the world due to time zone differences) was a global, severe and largely unexpected [1] stock market crash on Monday, October 19, 1987. Worldwide losses were estimated at US$1.71 trillion. [2]
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 ...
1983 Israel bank stock crisis; Japanese asset price bubble (1986–1992) Black Monday (1987) US stock market crash; Savings and loan crisis (1986–1995) failure of 1,043 out of the 3,234 S&L banks in the U.S.
Black Monday, the stock market crash that occurred on October 19, 1987, was the largest one-day percentage drop in the Dow Jones Industrial Average in history. The Dow fell by 508 points on the ...
Oct. 19, 1987 was the day of the largest one day stock market drop in history -- and then-real estate investor Donald Trump claimed to have seen it coming.
The Tokyo stock exchange doubled in 1983 from Y8,800 to Y16,401 in 1986. The surge that hit its peak of Y26,646 was temporarily halted by Black Monday on October 14, 1987. Black Monday was a crash that ended up hitting the US stock market, causing it to plummet. By April 1988, the stock reached past its October record breaking peak and hit Y38 ...
Société Générale’s Albert Edwards said that while some economists are expecting a soft landing his “view is that a recession still lurks.”
Black Monday: Stock market levels fall sharply on Wall Street and around the world. U.S. warships destroy two Iranian oil platforms in the Persian Gulf; October 23 – On a vote of 58–42, the United States Senate rejects President Ronald Reagan's nomination of Robert Bork to the Supreme Court.