Black Monday (1987)
In finance, Black Monday refers to Monday October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already declined by a significant margin. The Dow Jones Industrial Average (DJIA) dropped by 508 points to 1738.74 (22.61%).
Read more about Black Monday (1987): Market Effects, Timeline, Causes
Famous quotes containing the words black and/or monday:
“We are all androgynous, not only because we are all born of a woman impregnated by the seed of a man but because each of us, helplessly and forever, contains the other—male in female, female in male, white in black and black in white. We are a part of each other. Many of my countrymen appear to find this fact exceedingly inconvenient and even unfair, and so, very often, do I. But none of us can do anything about it.”
—James Baldwin (1924–1987)
“I have yfounde in myn astrologye,
As I have looked in the moone bright,
That now a Monday next, at quarter night,
Shal falle a rain, and that so wilde and wood,
That half so greet was nevere Noees flood.”
—Geoffrey Chaucer (1340?–1400)