NPR

The 30th Anniversary Of Black Monday: A Day That Made Wall Street Quake

On Oct. 19, 1987, Wall Street had its single worst trading day ever. Even after three decades, Black Monday still marks the biggest one-day crash, and its impact continues to reverberate.
A trader at the New York Stock Exchange reacts on Oct. 19, 1987, when the Dow Jones industrial average plunged more than 22 percent ??? the biggest single-day drop in history. / MARIA BASTONE / Getty Images

Hysteria. Panic.

Those were words reporters were using on this day 30 years ago to describe the stock market crash, now remembered as Black Monday.

Oct. 19, 1987, brought the single biggest one-day percentage drop in history — and yes, that includes the 1929 crash

You’re reading a preview, subscribe to read more.

More from NPR

NPR2 min readAmerican Government
With Federal Fraud Trial Looming, George Santos Drops Out Of New York House Race
The scandal-plagued former Republican congressman, ousted from his House seat last year, abandoned his long-shot independent bid for Congress. But he suggested his political career may not be over.
NPR4 min readAmerican Government
Why Haven't Kansas And Alabama — Among Other Holdouts — Expanded Access To Medicaid?
Only 10 states have not joined the federal program that expands Medicaid to people who are still in the "coverage gap" for health care
NPR2 min readInternational Relations
World Central Kitchen Workers Killed In Israeli Strikes Will Be Honored At Memorial
The aid workers were killed April 1 when a succession of Israeli armed drones ripped through vehicles in their convoy as they left one of World Central Kitchen's warehouses on a food delivery mission.

Related Books & Audiobooks