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%
United Kingdom 26.4%
Potential causes for the decline include program trading, overvaluation, illiquidity, and market psychology
You Tube Clip – Crash of 1987