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Black Monday: Stock Market Crash of 1987

The stock market crash of October 19, 1987 was the largest one day stock market crash in history. The Dow Jones Industrial Average (DJIA) dropped by 508 points to 1739 (22.6%) of its value or $500 billion dollars.
In financial markets, Black Monday is the name given to Monday, October 19, 1987 crash

Black Monday’s effects were felt across the world, including Canada.

Hong Kong 45.8%
Australia 41.8%
Spain 31%
United Kingdom 26.4%
Canada 22.5%.

Potential causes for the decline include program trading, overvaluation, illiquidity, and market psychology

You Tube Clip – Crash of 1987

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