Understand Black Monday in no time! Find out everything you need to know about this major financial crisis with this practical and accessible guide.
On 19 October 1987, a number of factors came together to cause an unexpected drop in share prices on the New York Stock Exchange, with the Dow Jones ultimately losing 22.6% of its value in the course of a single day. This was the largest drop in the index's long history, but fortunately the real economy emerged relatively unscathed from the crash and a crisis of the magnitude of the 1929 Wall Street Crash was averted.
In 50 minutes you will be able to:
•Identify the reasons for the sudden loss of share value on 19 October 1987
•Find out about the crash's impact on stock markets around the world
•Understand the decisive action taken to prevent the crisis from worsening
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The Economic Culture series from the 50Minutes collection provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications will give you elements of theory, definitions of key terms and case studies in a clear and easily digestible format, making them the ideal starting point for readers looking to develop their skills and expertise.