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:
“Never ‘eld with mournin’ meself. I always say, life’s black enough as it is without dressin’ in it, too.”
—Philip Dunne (1908–1992)
“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)