Reported 1 day ago
On October 19, 1987, the global stock markets experienced a significant crash, highlighted by a 22.6% drop in the Dow Jones Industrial Average. This event, known as Black Monday, not only reshaped trading regulations, introducing circuit breakers to halt trading during sell-offs but also underscored the critical role of the Federal Reserve in stabilizing the economy. Years later, key lessons emerged: stock markets tend to rise over time, market sectors are interconnected, and the importance of independent monetary policy remains crucial in the face of political pressures.
Source: YAHOO