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1987 Black Monday
1media/Screen Shot 2023-03-22 at 1.13.37 PM_thumb.png2023-03-22T20:14:42+00:00Gina Leonf0ac362b4453e23ee8a94b1a49fbeeafde2a0a4911View of the floor of the New York Stock Exchange on October 19, 1987. The Dow plunged over 22% that day, which has since been dubbed Black Monday. The degree to which the stock market crashes spread to the wider economy (or "real economy") was directly related to the monetary policy each nation pursued in response. The central banks of the United States, West Germany and Japan provided market liquidity to prevent debt defaults among financial institutions, and the impact on the real economy was relatively limited and short-lived.plain2023-03-22T20:14:42+00:001987Gina Leonf0ac362b4453e23ee8a94b1a49fbeeafde2a0a49