What is black monday?

Question

Need answer asap extra credit for history!!! THX (-:

Answer 1

Black Monday (October 28th, 1929)
Following Black Thursday 1929, the stock market was much calmer - it was up a bit on Friday and down a little on Saturday. People were optimistic, knowing that the market could bounce back from Thursday and that the bankers had stepped in. This false sense of hope would end on Monday.

Black Monday

Black Monday was a terrible day in the market. Unlike the Black Thursday, no "hero" stepped in to regain investor’s confidence. Richard Whitney did not walk into the NYSE and the bankers and Mr. Lamont didn't make comments until after market close and those words weren't that optimistic. Volume levels were very high (around 9.25 million shares) as speculators began to realize that no one could save the market. Speculators could only hope that the damage wouldn’t be too bad.

Black Monday was the 2nd worst day in U.S. history.
The worst day in history wouldn’t come for 58 more years (October 19th, 1987), which also happens to be a Monday and is also referred to as "Black Monday."

Just 1 week earlier, on Monday the 21st, investors had their first glimpse of the three Black Days as the volume was high (6,091,870 shares) and the ticker tape fell seriously behind forcing people began to sell blindly. Over the next week, the market turned people into fools. Perhaps the biggest fool at the time was Professor Irving Fisher.

Well known, trusted Yale University economist, Irving Fisher stated on the 21st, “[the market was only] shaking out of the lunatic fringe” and went on to explain why he felt the prices still have not caught up with their real value and should go much higher. On Wednesday the 23rd, he announced in a banker’s meeting “security values in most instances were not inflated.” Fisher also announced “The nation is marching along a permanently high plateau of prosperity.” Before Black Thursday, Monday and Tuesday, Fisher was considered an investment prophet. Though he was recognized for his contributions to technical economic theory, monetary theory and index numbers in later years, these three Black days crippled Irving Fisher's reputation.

Black Monday is usually considered a precursor to the worst day in stock market history – the nail in the coffin, Black Tuesday. http://mutualfunds.about.com/cs/1929marketcrash/a/black_monday.htm

Answer 2

In financial markets, Black Monday is the name given to Monday, October 19, 1987, when the Dow Jones Industrial Average (DJIA) dropped by 508 points to 1739 (22.6%),[1] and on which similar enormous drops occurred across the world. By the end of October, stock markets in Hong Kong had fallen 45.8%, Australia 41.8%, Spain 31%, the United Kingdom 26.4%, the United States 22.68%, and Canada 22.5%. (The terms Black Monday and Black Tuesday are also applied to October 28 and 29, 1929, which occurred after Black Thursday on October 24, which started the Stock Market Crash of 1929.)

The Black Monday decline was the largest one-day percentage decline in stock market history. Other large declines have occurred after periods of market closure, such as Saturday, December 12, 1914, when the DJIA fell 24.39%, ending the four month closure due to the outbreak of the First World War, and Monday, September 17, 2001, the first day after which the market was open following the September 11, 2001 attacks.

Interestingly, the DJIA was positive for the 1987 calendar year. It opened on January 2, 1987, at 1,897 points and would close on December 31st, 1987, at 1,939 points. The DJIA would not reach its August 25, 1987 closing high of 2,722 points until almost two years later.

A degree of mystery is associated with the 1987 crash, and it has been labeled as a black swan event.[2] Important assumptions concerning human rationality, the efficient market hypothesis, and economic equilibrium were brought into question by the event. Debate as to the cause of the crash still continues many years after the event, with no firm conclusions reached.

In the wake of the crash, markets around the world were put on restricted trading primarily because sorting out the orders that had come in was beyond the computer technology of the time. This also gave the Federal Reserve and other central banks time to pump liquidity into the system to prevent a further downdraft. While pessimism reigned, the market bottomed on October 20.

Answer 3

The Black Monday of 1987...started when stocks plummeted and the entire stock market had to be bailed out by the Fed.
It was so bad some people who had a lifetime investment in a stock lost everything. There was panic on the Opening Bell on Monday because the NYSE had to come up with Billions
of dollars or companies like IBM and other Blue Chip companies threatened to bail out rather than lose anymore money. People panicked and pulled out of the Market and that led to further losses. The Stock Market dropped around
500 points that day. Many stockbrokers committed suicide
and even the Fed chairman wondered is this it, are we really going to crash. The money was raised to keep he Market open it wasn't until the last few hours they pumped he money back in and bailed out the defunct stock market...it took awhile to correct itself but companies and major corporations went belly up and lost it all. We recently had a Black Friday a couple of weeks ago . A record three hundred points..not too far from Black Monday Oct 1987's crash. But today with many global investments and lessons learned from the past crash of 87. The morning bell opened and it was business as usual..nobody panicked. Some companies did well that Monday...but when he market moves in that direction it is sometmes a sign of a ressecion to come.

Answer 4

Black Monday, 19 October 1987 – the second largest one-day decline in recorded stock market history.

It can also denote:

1. Black Monday, Dublin, 1209 – when a group of 500 recently arrived settlers from Bristol were massacred by warriors of the Gaelic O'Byrne clan. The group had left the safety of the walled city of Dublin to celebrate Easter Monday near a wood at Ranelagh, when they were attacked without warning. For centuries afterwards, this event was commemorated by a mustering of soldiers on the day as a challenge to the native tribes.
2. Black Monday, 14 April 1360 – the army of Edward III during the Hundred Years' War was struck by hailstorms, lightning and panic, causing considerable loss of life on Easter Monday.
3. Black Monday, 27 February 1865 – a "sirocco" wind brought sandstorms to Melbourne, Australia affecting Sandhurst and Castlemaine.
4. Black Monday, February 8, 1886 – when a major protest over unemployment led to a riot in Pall Mall, London.
5. Black Monday, December 10, 1894 – when both banks of Newfoundland, Britain’s oldest colony, had closed their doors and rendering that colony’s main medium of exchange worthless.
6. Black Monday, 28 October 1929 – a day in the Wall Street Crash of 1929, which also saw major stock market upheaval
7. Black Monday, 27 May 1935 – Supreme Court Justices overturned multiple Acts including National Industrial Recovery Act
8. Black Monday, September 19, 1977 – when Youngstown Sheet and Tube Company, one of America's largest regional steel-manufacturing firms, announced that it would shut down most of its operations in the vicinity of Youngstown, Ohio. This development presaged the collapse of that community's industrial economy.
9. Black Monday, Malta, 15 October 1979 – the offices of the The Times of Malta were set on fire during a political rally. It was also on this day that supporters of the Malta Labour Party broke into the house of Dr. Edward Fenech Adami.
10. Black Monday, 19 October 1987 – the second largest one-day decline in recorded stock market history.
11. October 8, 1990 – the day the Israeli Border Police shot to death 17 Muslim Arabs at the Temple Mount in Jerusalem

Answer 5

October 19, 1987 U.S. stock market dropped is what I think of with Black Monday but there are others.

* Black Monday, Dublin, 1209 – when a group of 500 recently arrived settlers from Bristol were massacred by warriors of the Gaelic O'Byrne clan. The group had left the safety of the walled city of Dublin to celebrate Easter Monday near a wood at Ranelagh, when they were attacked without warning. For centuries afterwards, this event was commemorated by a mustering of soldiers on the day as a challenge to the native tribes.
* Black Monday, 14 April 1360 – the army of Edward III during the Hundred Years' War was struck by hailstorms, lightning and panic, causing considerable loss of life on Easter Monday.
* Black Monday, 27 February 1865 – a "sirocco" wind brought sandstorms to Melbourne, Australia affecting Sandhurst and Castlemaine.
* Black Monday, February 8, 1886 – when a major protest over unemployment led to a riot in Pall Mall, London.
* Black Monday, December 10, 1894 – when both banks of Newfoundland, Britain’s oldest colony, had closed their doors and rendering that colony’s main medium of exchange worthless.
* Black Monday, 28 October 1929 – a day in the Wall Street Crash of 1929, which also saw major stock market upheaval
* Black Monday, 27 May 1935 – Supreme Court Justices overturned multiple Acts including National Industrial Recovery Act
* Black Monday, September 19, 1977 – when Youngstown Sheet and Tube Company, one of America's largest regional steel-manufacturing firms, announced that it would shut down most of its operations in the vicinity of Youngstown, Ohio. This development presaged the collapse of that community's industrial economy.
* Black Monday, Malta, 15 October 1979 – the offices of the The Times of Malta were set on fire during a political rally. It was also on this day that supporters of the Malta Labour Party broke into the house of Dr. Edward Fenech Adami.
* Black Monday, 19 October 1987 – the second largest one-day decline in recorded stock market history.
* October 8, 1990 – the day the Israeli Border Police shot to death 17 Muslim Arabs at the Temple Mount in Jerusalem

Answer 6

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Answer 7

There have been several "Black Monday's" in history. Most recently, it has been used to denote October 19, 1987, the second largest one-day decline in recorded stock market history.

Answer 8

I think the Monday in 1987 when the market plummeted

Answer 9

a day you go buy things real cheap thts all i knw am getting another laptop for about 200 bucks and a 1000 dollar tv for 600 bucks thts all i knw it is next monday after thnkx giving

Answer 10

I'm not sure but black friday is the day after thanksgiving when they have all the sales.