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1989 Black Monday
1media/Screen Shot 2023-03-22 at 1.12.36 PM_thumb.png2023-03-22T20:13:17+00:00Gina Leonf0ac362b4453e23ee8a94b1a49fbeeafde2a0a4911A stock broker smokes a cigarette in exhaustion at the New York Stock Exchange after the events of Black Monday, October 19, 1987. Black Monday is the name commonly given to the global, sudden, severe, and largely unexpected stock market crash on Monday, October 19, 1987. All of the twenty-three major world markets experienced a sharp decline in October 1987. Out of twenty-three major industrial countries, nineteen had a decline greater than 20%. Worldwide losses were estimated at US$1.71 trillion. The severity of the crash sparked fears of extended economic instability or even a reprise of the Great Depression.plain2023-03-22T20:13:17+00:001987Gina Leonf0ac362b4453e23ee8a94b1a49fbeeafde2a0a49