ABC News: The Day It Happened

Season 1 Episode 17

Black Monday Market Crash

Aired Unknown Oct 19, 1987 on ABC
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Episode Summary

Black Monday Market Crash
Black Monday refers to Monday, October 19th, 1987 when stock markets around the world began to crash for no apparent reason. The crash began in the east in the Hong Kong markets and quickly spread west to the United States. The Dow Jones dropped over 500 points this day in history. While the recourse after the crash was shaky, 1987, 1988, and 1989 all saw gains year over year in wealth despite concerns that Black Monday was the beginning of a 1930s type depression.moreless

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