The New York Times, Tuesday, October 20, 1987.

NEW YORK TIMES,.

Item Number: 15087

The New York Times from Tuesday, October 20, 1987, which covers the events of Black Monday, when stock markets around the world crashed, shedding a huge value in a very short time. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already declined by a significant margin. The Dow Jones Industrial Average fell exactly 508 points to 1,738.74 (22.61%). In near fine condition. Matted and framed measuring 16.5 inches by 19.5 inches. From the library of Malcolm Forbes. Rare.

The Black Monday decline was and currently remains the largest one-day percentage decline in the Dow Jones Industrial Average. Following the stock market crash, a group of 33 eminent economists from various nations met in Washington, D.C. in December 1987, and collectively predicted that "the next few years could be the most troubled since the 1930s". However, the economy was barely affected and growth actually increased throughout 1987 and 1988, with the Dow Jones regaining its pre-crash closing high of 2,722 points in early 1989.