Adventures in Finance 38 - Black Monday: First Hand Accounts of the 87 Crash
Real Vision: Finance & Investing
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Black Monday: A Day of Market Turmoil
This chapter recounts the chaotic events of October 19, 1987, during the infamous Black Monday stock market crash. Through the eyes of a young corporate financier, it captures the panic, confusion, and urgency as the market plummeted by 22% in a single day. The narrative highlights critical decisions made by market participants and the Federal Reserve in response to the unfolding crisis, revealing the lasting implications for financial markets today.
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