About this document
Black Monday: Causes and Impact by Hassan Akhtar is a document available to read on EtoBox.
Black Monday refers to the large stock market crash that occurred on October 19, 1987. The Dow Jones Industrial Average dropped over 22% in a single day, which was even worse than the decline that started the Great Depression. Some of the internal causes included increased use of computers to trade stocks, high price-to-earnings ratios, and illiquidity in the market. In response, the US government provided liquidity and lowered interest rates. Reforms were also introduced, such as circuit breakers to pause
- Author
- Hassan Akhtar
- Language
- EN