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The 1987 stock market crash...
The 1987 stock market crash...
Item # 720574
October 20, 1987
USA TODAY, October 20, 1987
* Stock market crash
* Wall Street collapse
The front page has headline announcing: "MARKET 'MELTDOWN'" with: "Wall Street's Bloody Monday" and subhead with related photo. (see images) More in the "Money" section. This was perhaps the most notable stock market "crash" since the 1929 event, and an elusive issue as few were saved.
Complete with all sections (44 pages), great condition.
AI notes: On October 19, 1987, known as Black Monday, global stock markets experienced an unprecedented crash, with the Dow Jones Industrial Average (DJIA) plummeting 508 points, or 22.6%, marking the largest single-day percentage drop in U.S. history. The collapse was fueled by a combination of factors, including rampant program trading, where computerized systems automatically sold stocks as prices fell, creating a feedback loop of panic selling. Stocks had also become heavily overvalued, and rising interest rates and trade deficits heightened investor anxiety. The panic quickly spread worldwide, with markets in Europe and Asia suffering sharp declines as well. Despite the dramatic losses, the U.S. economy avoided a full-blown recession, thanks in part to Federal Reserve intervention, which provided liquidity and restored some confidence. The crash profoundly influenced financial markets, leading to reforms in trading regulations, circuit breakers to halt panic selling, and a heightened awareness of systemic risk in global markets.
* Stock market crash
* Wall Street collapse
The front page has headline announcing: "MARKET 'MELTDOWN'" with: "Wall Street's Bloody Monday" and subhead with related photo. (see images) More in the "Money" section. This was perhaps the most notable stock market "crash" since the 1929 event, and an elusive issue as few were saved.
Complete with all sections (44 pages), great condition.
AI notes: On October 19, 1987, known as Black Monday, global stock markets experienced an unprecedented crash, with the Dow Jones Industrial Average (DJIA) plummeting 508 points, or 22.6%, marking the largest single-day percentage drop in U.S. history. The collapse was fueled by a combination of factors, including rampant program trading, where computerized systems automatically sold stocks as prices fell, creating a feedback loop of panic selling. Stocks had also become heavily overvalued, and rising interest rates and trade deficits heightened investor anxiety. The panic quickly spread worldwide, with markets in Europe and Asia suffering sharp declines as well. Despite the dramatic losses, the U.S. economy avoided a full-blown recession, thanks in part to Federal Reserve intervention, which provided liquidity and restored some confidence. The crash profoundly influenced financial markets, leading to reforms in trading regulations, circuit breakers to halt panic selling, and a heightened awareness of systemic risk in global markets.
Category: The 20th Century
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