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:
“Your hooves have stamped at the black margin of the wood,
Even where horrible green parrots call and swing.
My works are all stamped down into the sultry mud.”
—William Butler Yeats (1865–1939)
“I said in my novel that the clergyman is a kind of human Sunday. Jones and I settled that my sister May was a kind of human Good Friday and Mrs. Bovill an Easter Monday or some other Bank Holiday.”
—Samuel Butler (1835–1902)