What is black Monday?
The term "black Monday" is used to designate several bleak days on the global financial market, one in 1929, the other in 1987 and the third in 1997. General, if the year is not referred to, people usually speak of black Monday, October 19, 1987. This event played a major role in the financial crisis at the age of 80, a financial tangle, which in some regions in the world had reverberated effects for decades. The shares values began to radically fall on "Black Thursday", 24th October, and instead of recovering on Monday and Tuesday, they dropped even further and eject the United States into great depression.
In 1987, Black Monday scored a loss of 508 points, then consisted of approximately 22.6% of the total Dow, an index of inventory, which is often used in the United States as a market indicator. However, shares in the United States did not decrease only: they dropped around the world on almost every financial market and triggeredy widespread economic problems. The exact cause of black Monday has not been determined, although people suspect that inflation, dubious business procedures and general market conditions have contributed to a panic that led to dive in values.
Another black Monday appeared in 1997, when Dow lost 554 points, or about 7% of its total value. The biggest decline in the point in history since the beginning of 2009 appeared on Monday in September 2008, when 777 points were lost in a single day. As these point values show, the total value of the industrial diameter of the Dow Jones has radically climbed because it was first used V1896. For example, the total Dow at its peak in 1929 was 381 points!
people can also refer to 27 May 1935 as "black Monday". Although there were no disasters on the financial market on the financial market, the Supreme Court of the United States has issued a number of decisions that have gone through several major provisions of the new agreement. This black Monday had an immediate effect on creating a serious non -crashIn many critical government programs that have since been attributed to playing huge roles in the economic recovery of the United States. In the long run, this Black Monday also led the angry President Roosevelt to conduct some radical measures to support economic recovery and to put great pressure on the Supreme Court to force him to reverse these controversial decisions.