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 see America spreading disaster. I see America as a black curse upon the world. I see a long night settling in and that mushroom which has poisoned the world withering at the roots.”
—Henry Miller (1891–1980)
“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)