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This Day In History
  • Black Monday: Dow Jones Industrial Average Falls 508 Points (1987)
    on 10/19/2017 at 5:00 am

    On what is known in the financial world as Black Monday, the Dow Jones Industrial Average fell 508 points, nearly 23%—the largest drop since 1914. Although the cause of the crash is still debated, its result was immediately apparent: it sent the value of markets plummeting worldwide. By the end of the month, markets in Hong Kong and Australia had lost […]