Clash Report
@clashreport
·
7th April 2025
Black Monday 1987:
What Happened and Why It Mattered
On October 19, 1987, the Dow Jones crashed 22.6% — the largest single-day drop in U.S. history. The panic quickly spread worldwide, hitting markets in Europe, Asia, and Australia.
Why It Crashed:
• Program Trading: Automated sell orders triggered a market freefall.
• Economic Fears: Rising inflation, trade deficits, and slowing growth spooked investors.
• Currency Turmoil: Confusion over U.S. dollar stabilization deals added uncertainty.
• Overvaluation: Markets had surged since 1982 — many saw a correction coming. Aftermath:
• Central banks pumped liquidity to calm markets.
• U.S. stocks rebounded faster than expected.
• Circuit breakers were introduced to prevent future meltdowns.
About michelleclarke2015
Life event that changes all: Horse riding accident in Zimbabwe in 1993, a fractured skull et al including bipolar anxiety, chronic fatigue …. co-morbidities (Nietzche 'He who has the reason why can deal with any how' details my health history from 1993 to date). 17th 2017 August operation for breast cancer (no indications just an appointment came from BreastCheck through the Post). Trinity College Dublin Business Economics and Social Studies (but no degree) 1997-2003; UCD 1997/1998 night classes) essays, projects, writings. Trinity Horizon Programme 1997/98 (Centre for Women Studies Trinity College Dublin/St. Patrick's Foundation (Professor McKeon) EU Horizon funded: research study of 15 women (I was one of this group and it became the cornerstone of my journey to now 2017) over 9 mth period diagnosed with depression and their reintegration into society, with special emphasis on work, arts, further education; Notes from time at Trinity Horizon Project 1997/98; Articles written for Irishhealth.com 2003/2004; St Patricks Foundation monthly lecture notes for a specific period in time; Selection of Poetry including poems written by people I know; Quotations 1998-2017; other writings mainly with theme of social justice under the heading Citizen Journalism Ireland. Letters written to friends about life in Zimbabwe; Family history including Michael Comyn KC, my grandfather, my grandmother's family, the O'Donnellan ffrench Blake-Forsters; Moral wrong: An acrimonious divorce but the real injustice was the Catholic Church granting an annulment – you can read it and make your own judgment, I have mine. Topics I have written about include annual Brain Awareness week, Mashonaland Irish Associataion in Zimbabwe, Suicide (a life sentence to those left behind); Nostalgia: Tara Hill, Co. Meath.