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Black Monday (also known as Black Tuesday in some parts of the world due to time zone differences) was the global, severe and largely unexpected [1] stock market crash on Monday, October 19, 1987. Worldwide losses were estimated at US$1.71 trillion. [ 2 ]
Although now a relatively obscure event in history, it was commemorated by a mustering of the Mayor, Sheriffs and soldiers on the day as a challenge to the native tribes for centuries afterwards. [1] 13 April 1360 – Black Monday (1360), when inclement weather killed men and horses in the army of Edward III during the Hundred Years' War. [2]
The crash on October 19, 1987, Black Monday, was the climactic culmination of a market decline that had begun five days before on October 14. The DJIA fell 3.81% on October 14, followed by another 4.60% drop on Friday, October 16. On Black Monday, the DJIA plummeted 508 points, losing 22.6% of its value in one day.
The Dow quickly shrugged off the damage of Black Monday, which proved to be the low point of the short, sharp, and shocking Crash of 1987. Markets immediately resumed a march toward dot-com-fueled ...
Black Monday took place on Easter Monday (1360) during the Hundred Years' War (1337–1360), when a freak hail storm struck and killed an estimated 1,000 [2] English soldiers. The storm was so devastating that it caused more English casualties than any of the previous battles of the war .
On October 28, "Black Monday", [18] more investors facing margin calls decided to get out of the market, and the slide continued with a record loss in the Dow for the day of 38.33 points, or 12.82%. [19] On October 29, 1929, "Black Tuesday" hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day ...
Some explanations of Black Friday claim that the holiday references a 19th-century term for the day after Thanksgiving, during which plantation owners could buy slaves at discount prices.
Per Parry, Negro History Week started during a time when Black history was being "misrepresented and demoralized" by white scholars who promoted ideas like the Lost Cause or the Plantation Myth ...