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:
“I don’t see black people as victims even though we are exploited. Victims are flat, one- dimensional characters, someone rolled over by a steamroller so you have a cardboard person. We are far more resilient and more rounded than that. I will go on showing there’s more to us than our being victimized. Victims are dead.”
—Kristin Hunter (b. 1931)
“There isn’t a Monday that would not cede its place to Tuesday.”
—Anton Pavlovich Chekhov (1860–1904)