Monday, October 19th, 1987 â€“ the day the stock declined considerably causing many to lose large amounts of moneyâ€“ â€œÐ§Ð3/4Ñ€Ð1/2Ð¸Ð¹ ÐŸÐ3/4Ð1/2ÐµÐ´Ñ–Ð»Ð3/4Ðºâ€ (Ð¿Ð3/4Ð1/2ÐµÐ´Ñ–Ð»Ð3/4Ðº 19 Ð¶Ð3/4Ð²Ñ‚Ð1/2Ñ 1987- Ð²ÐµÐ»Ð¸Ñ‡ÐµÐ·Ð1/2Ñ– Ð³Ñ€Ð3/4ÑˆÐ3/4Ð²Ñ– Ð²Ñ‚Ñ€Ð°Ñ‚Ð¸ Ñ‡ÐµÑ€ÐµÐ· Ð¿Ð°Ð´Ñ–Ð1/2Ð1/2Ñ ÐºÑƒÑ€ÑÑƒ Ð°ÐºÑ†Ñ–Ð¹ Ð1/2Ð° Ð±Ñ–Ñ€Ð¶Ñ–)
Monday , October 19, 1987 - the day when the Dow Jones Industrial Average fell a record 508 points. This drop was on top of a series of sharp drops that occurred the previous week. The drop may have represented investors' apprehensions about inflated stock prices, the federal budget and trade deficits. However, there are many who blame program trading for the extreme volatility.
Refers to October 19, 1987, when the Dow Jones Industrial Average fell 508 points on the heels of sharp drops the previous week. On Monday, October 27, 1997, the Dow dropped 554 points. While the point drop set a new record, the percentage decline was substantially less than in 1987.
Black Monday is the name given to Monday, October 19, 1987, when the Dow Jones Industrial Average (DJIA) fell dramatically, and on which similar enormous drops occurred across the world. By the end of October, stock markets in Hong Kong had fallen 45.8%, Australia 41.8%, the United Kingdom 26.4%, the United States 22.68%, and Canada 22.5%.
October 15, 1979, is referred to as Black Monday in Malta. The offices and printing rooms of Progress Press, publisher of The Times of Malta, were ransacked and set on fire during a spontaneous political rally by Labour Party supporters following allegations of a failed attempt on Prime Minister Dom Mintoff's life in his offices at the Auberge de Castille, Valletta. The allegations have never been proven, and are generally believed to be unfounded.
The Bank Crash of 1894 called Black Monday was one of the turning points in Newfoundland's early history that added to the financial woes of Britainâ€™s Oldest Colony when two of the commercial banks of Newfoundland, the Union Bank (established in 1854) and the Commercial Bank (established in 1858), both located in St. John's, Newfoundland, Canada, had closed their doors to the public on December 10, 1894. Both banks never did re-open, with disastrous effects on both trade and commerce in the colony.