1987 stock market crash headlines
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The crash came after a two-week period in which the Dow dropped 15 percent. According to the Oct.
And they seemed to have been caught by surprise. But many leaders were confident the panic would pass.
The stock market crash of What have we learned? - BBC News
Despite fears of a recession, the stock market quickly rebounded. The Dow made record gains on Tuesday and again on Thursday. By the end of the year, the Dow was higher than it had been at the start of the year, and returned to its pre-Black Monday level just two years after the crash.
There are several theories about why the stock market crashed on Black Monday. Some believe the market had gone too high so the steep declines of October were a swift correction of the market.
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Another popular theory is that the crash was exacerbated by computer programs designed to sell stocks that dropped below a certain price. In September, demonstrators began gathering on Wall Street to protest economic inequality, corporate greed and the relationship between Wall Street and the federal government.
To learn more about the ongoing protests, read the Times Topics: Occupy Wall Street overview. Why or why not? In your opinion, will the demonstrations across the country bring positive change?
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By The Learning Network October 19, 4: Luigi Novi The New York Stock Exchange. Historic Headlines Learn about key events in history and their connections to today. Historic Headlines , economic crisis , Economics , Occupy , stock market , U.
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The 1987 Stock Market Crash: Can It Happen Again?