Great Wall Institute: The Process of the Great Wall of Los AngelesMain MenuResearch of the DecadesResearch1960s Illustration DevelopmentIllustration DevelopmentPlaylists of the DecadesPlaylistssparcinla.org185fc5b2219f38c7b63f42d87efaf997127ba4fcGreat Wall Institute - Social and Public Art Resource Center (SPARC)
1987 Black Monday
1media/Screen Shot 2023-03-22 at 1.24.40 PM_thumb.png2023-03-22T20:25:41+00:00Gina Leonf0ac362b4453e23ee8a94b1a49fbeeafde2a0a4911Paper flies through the air as trading closes at the Toronto Stock Exchange on Black Monday. During Black Monday, the DJIA fell 508 points (22.6%), accompanied by crashes in the futures exchanges and options markets. This was the largest one-day percentage drop in the history of the DJIA. Significant selling created steep price declines throughout the day, particularly during the last 90 minutes of trading. Deluged with sell orders, many stocks on the NYSE faced trading halts and delays. Of the 2,257 NYSE-listed stocks, there were 195 trading delays and halts during the day. Total trading volume was so large that the computer and communications systems in place at the time were overwhelmed, leaving orders unfilled for an hour or more. Large funds transfers were delayed for hours and the Fedwire and NYSE SuperDot systems shut down for extended periodsplain2023-03-22T20:25:41+00:001987Gina Leonf0ac362b4453e23ee8a94b1a49fbeeafde2a0a49