Black Monday

Black Monday refers to October 19, 1987, when stock markets worldwide crashed dramatically. On that day, the Dow Jones Industrial Average fell by over 22%, the largest one-day percentage drop in history. The crash was fueled by various factors, including program trading, investor panic, and concerns about rising interest rates. Many investors lost significant amounts of money, leading to widespread fear about the stability of the financial system. Although markets recovered in the following years, Black Monday highlights the volatility of stock markets and the potential for sudden economic downturns.