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:
“A body would think that your heart was as black as your face. People thinks now that sweeps is black all through instead of black all over.”
—Robert N. Lee, and Rowland V. Lee. Tom Clink (Ernest Cossart)
“There isn’t a Monday that would not cede its place to Tuesday.”
—Anton Pavlovich Chekhov (1860–1904)