On this day October 19 1987, the stock market experienced its largest single day crash in history, a day that became known as Black Monday. The Dow Jones Industrial Average plummeted by 508 points, a staggering 22 percent drop that sent shockwaves through global financial markets.
The sudden collapse sparked panic across Wall Street and led to fears of another Great Depression. However, the market rebounded faster than expected, showing the growing influence of computerized trading and the interconnected nature of global finance.
80s insight: Black Monday reminded the world that even during a decade of prosperity and excess, the economy could shift in an instant, reshaping how investors viewed risk and stability.
The sudden collapse sparked panic across Wall Street and led to fears of another Great Depression. However, the market rebounded faster than expected, showing the growing influence of computerized trading and the interconnected nature of global finance.
80s insight: Black Monday reminded the world that even during a decade of prosperity and excess, the economy could shift in an instant, reshaping how investors viewed risk and stability.
