ECONOMIC CHRONICLES | The Day the Stock Market Plunged by 22.6%
2026-10-19 16:10:00 / News of ministry
Imagine a stock market losing more than one-fifth of its value in a single day. How did it happen?
October 19, 1987, went down in global financial history as “Black Monday.”
On that day, the Dow Jones Industrial Average plunged by 22.6%, or 508 points, marking one of the steepest single-day declines in stock market history.
The crash was driven in part by growing investor panic, widespread stock selling, and the amplifying effects of automated trading strategies.
What lessons did “Black Monday” teach us?
