What was Black Monday 1987?

Indeed, sir, Black Monday, 19 August 1987, refers to the sudden and dramatic stock market crash that took place on that day, marking one of the most severe financial crises in modern history. In the United States, the Dow Jones Industrial Average fell by 508 points, or 22.6 per cent, a record drop at the time. The crash was felt globally, with similar declines recorded in markets across Europe and Asia. Traders were left reeling, and many blamed the collapse on a combination of programme trading, market psychology, and economic uncertainty. The event remains a landmark moment in financial history, often cited as a cautionary tale about the volatility of modern stock markets.