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:
“Mighty few young black women are doin’ domestic work. And I’m glad. That’s why I want my kids to go to school. This one lady told me, “All you people are gettin’ like that.” I said, “I’m glad.” There’s no more gettin’ on their knees.”
—Maggie Holmes, African American domestic worker. As quoted in Working, book 3, by Studs Terkel (1973)
“You’ve gotten in through the transom
and you can’t get out
till Monday morning or, worse,
till the cops come.”
—Philip Levine (b. 1928)