Friday, March 25, 2011

80s Trivia: What was 'Black Monday'?

Most of Pocket Trivia: 80s Trivia deals with Pop Culture questions - things like music, movies and TV.  That being said, sometimes we do get into the hard news portion of this decade - and there was certainly no shortage of that.  So, here is today's question:  What was Black Monday?  Was it a massive firing at the Security & Exchange Commission, a Supreme Court Ruling, FEC Regulation or a crash of the Stock Market?

The last option is the answer:  Black Monday was a monstrous crash of the Dow Jones Industrial Average and other stock markets around the world.  It occurred on October 19, 1987 and remains the largest single-day percentage drop in the DJIA's history.  The stock market dropped 508 points that day, a 22% drop that has yet to be matched.  This was widely believed to be a reaction to an economic shift from a rapidly growing economy to a more slowly growth economic climate.

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