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The stock market crash of 1987: in the Wall Street Journal...
The stock market crash of 1987: in the Wall Street Journal...
Item # 699505
October 20, 1987
WALL STREET JOURNAL, New York, Oct. 20, 1987
* Stock market crash of 1987
* Best publication to be had (rare)
The front page proclaims the famous report of the stock market crash of 1987, reading: "Stocks Plunge 508.32 Amid Panicky Selling" with a subhead: "Percentage Decline Is Far Steeper Than '29; Precious Metals Gain". Also a 3 line, 1 col. head: "A Repeat of '29? Depression in '87 Is Not Expected".
Included on the ftpg. are two graphs, one showing the Dow Jones average in 15 minute intervals and the other the huge volume by the half-hour.
This crash ranks among the worst in American history, certainly alongside the famous crash of 1929 which began the Great Depression.
Certainly the best title to have for this notable stock market report.
Complete in 78 pages with both sections, foxing & minimal wear at the central fold, minimal wear at the spine, a few discrete archival mends on page 2.
background: On October 19, 1987, Wall Street experienced a historic crash known as “Black Monday.” The Dow Jones Industrial Average (DJIA) plunged 508 points, a drop of 22.6%—the largest single-day percentage decline in the index’s history. The crash was triggered by a combination of factors, including computer-driven program trading, investor panic, overvaluation, and concerns about rising interest rates and trade deficits. The global financial system was shaken, as markets around the world also collapsed. Although the U.S. economy remained relatively stable afterward, Black Monday exposed vulnerabilities in trading systems and led to regulatory changes to help prevent future crashes.
Category: The 20th Century
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$225.00
