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October 19, 1987: “Black Monday” Hits the U.S. After Dow Jones Falls 508 Points

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Pete

Pete

Mr. Eighties
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On this day, October 19, 1987, the United States experienced one of the most significant stock market crashes in history, known as “Black Monday.” The Dow Jones Industrial Average plummeted by 508 points, a drop of 22.6%, marking the largest single-day percentage decline in the stock market’s history. The crash sent shockwaves through global markets and led to widespread panic, reshaping financial regulations in the years to follow. Do you remember how “Black Monday” affected you or your family?
 
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