The collapse of stock prices that occurred on "Black Monday" (October 19, 1987):
A) caused a depression
B) continued for years
C) affected only the United States
D) caused Reagan to further reduce taxes
E) in percentage terms, was the worst in American history

Question

Quizplus · Accepted Answer

The collapse of stock prices on "Black Monday" in October 1987 was the worst in American history in percentage terms. While the market did rebound fairly quickly, the event had global implications and sparked a period of increased regulation and oversight in the financial industry.

The Collapse of Stock Prices That Occurred on "Black Monday