Black Monday: Learn about the historic event known as Black Monday with this brief overview. Black Monday refers to the severe stock market crash that occurred on October 19, 1987, sending shockwaves throughout the global financial system.
On Black Monday, stock markets experienced a sudden and dramatic downturn, resulting in a significant drop in stock prices. The causes of this abrupt crash were multifaceted, including concerns about rising interest rates and overvaluation of stocks. The event had a profound impact on investors, financial institutions, and market regulations.
Delve into the details of Black Monday to understand the factors that led to this unprecedented market collapse. This retrospective offers insights into the consequences of the crash and its enduring significance in financial history, serving as a reminder of the inherent volatility in the stock market.
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