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:
“Sometimes we see a cloud that’s dragonish,
A vapor sometimes like a bear or lion,
A towered citadel, a pendant rock,
A forked mountain, or blue promontory
With trees upon ‘t that nod unto the world
And mock our eyes with air. Thou hast seen these signs;
They are black vesper’s pageants.”
—William Shakespeare (1564–1616)
“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)