Black Monday on 19 October 1987 was the first real collapse of the stock market after the Second World War. The Dow Jones fell within a daily around 22,6%, which the second largest Crash was in the history of this Index'. (On 12 December 1914 the Dow Jones 24,39% fell.) The fall spread, until at the end of Octobers were the stock exchange courses in Australia around 41,8% please, in Canada around 22,5%, in Hong Kong around 45.8%, and in the united kingdom around 26,4%.

At many commercial centres the trade was in the following days only reduced possible - among other things therefore, since the computer engineering of the time at that time had not been up to to the substantial Handelsvolumen. The Crash was in the USA cause for a crisis in the bank and insurance system.

The designation follows the designation black Thursday for the New Yorker Crash from 24 October 1929, the beginning of the world economic crisis.

See also: Bank holiday, collapse of the stock market, financial crisis, black Thursday, black Friday, economic crisis, world economic crisis

Articles in category "Black Monday"

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