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Crash of 1987 »

Posted on 10 Apr 2011 | 6,927 views
The Causes of the Stock Market Crash of 1987

Known as “Black Monday,” the Dow Jones Industrial Average plummeted 508 points, losing 22.6% of its total value on October 19, 1987. It was almost twice as bad as the stock market crash of October 29, 1929 because on that day the DJIA fell an approximated 11.7% and started the Great Depression.