The Crash of Nineteen Eighty Seven
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The Crash of Nineteen Eighty Seven
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October Nineteenth, Nineteen Eighty Seven. The Dow Jones plunged TWENTY-TWO percent in a single day. It was the largest one-day crash in stock market history.
Fueled by a bull market, portfolio insurance, and futures selling, the collapse spread from Asia to London to New York in hours. Panic swept trading floors, and the world braced for another Great Depression.
This is the story of Black Monday — the day computers, leverage, and fear collided to create chaos.
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