Understand Black Monday in no time! Find out everything you need to know about this major financial crisis with this practical and accessible guide.
On 19 October 1987, a number of factors came together to cause an unexpected drop in share prices on the New York Stock Exchange, with the Dow Jones ultimately losing 22.6% of its value in the course of a single day. This was the largest drop in the index's long history, but fortunately the real economy emerged relatively unscathed from the crash and a crisis of the magnitude of the 1929 Wall Street Crash was averted.
In 50 minutes you will be able to:
• Identify the reasons for the sudden loss of share value on 19 October 1987
• Find out about the crash's impact on stock markets around the world
• Understand the decisive action taken to prevent the crisis from worsening
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Table of contents
- Black Monday
- Context
- How the crisis played out
- Impact
- Summary
- Further reading
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