By what name is the stock market crash of October 19, 1987 better known?

On October 19, 1987, the Dow Jones Industrial Average fell 22.6%, the largest one-day percentage drop in the index's history. The resulting financial losses around the world were estimated at more than $1.7 trillion, though, due to mitigation effects by the Federal Reserve and other global financial institutions, the effect on the real economy was relatively limited and short-lived.

Asked by Ben Jenkins · Last updated 3 years ago · 30.9K views