Question
Here is the question : WHAT NAME WAS GIVEN TO THE RAPID STOCK MARKET CRASH IN 1987?
Option
Here is the option for the question :
- Freaky Friday
- Blue Monday
- The Great Crash
- Black Monday
The Answer:
And, the answer for the the question is :
Explanation:
The day that the Dow Jones Industrial Average saw its greatest one-day loss ever was October 19, 1987. This day is now commonly referred to as “Black Monday.” The devastating economic collapse was brought on by a confluence of factors, the most significant of which were a substantial trade deficit, a decline in the value of the dollar, and disquiet in the markets of Asia and Europe.
The stock market crash of 1987, also known as Black Monday, was one of the most significant and dramatic market events of the 20th century. On October 19, 1987, the Dow Jones Industrial Average (DJIA) fell by 22.6%, the largest single-day percentage decline in history.
The causes of the crash are complex and multifaceted, but are generally attributed to a combination of factors, including computerized trading programs, rising interest rates, and geopolitical tensions. The crash was also exacerbated by a sense of panic and fear among investors, many of whom were caught off guard by the sudden and dramatic decline.
The impact of the crash was felt throughout the global financial system, with markets around the world experiencing significant declines in the wake of Black Monday. Despite the severity of the crash, however, the market eventually recovered, and the long-term impact on the economy was relatively limited.
Black Monday remains a powerful reminder of the risks and challenges inherent in the stock market, and of the importance of careful planning and risk management in investing. It also serves as a testament to the resilience of the financial system, and the ability of markets to recover and adapt to changing circumstances.
Whether you’re a seasoned investor, a student of financial history, or simply interested in the dynamics of the global economy, the stock market crash of 1987 and the events of Black Monday represent a fascinating and important moment in the history of finance, and a reminder of the enduring power and significance of the financial markets in our lives.