Page 11 - IP2A 012 Black Monday

in the Dow Jones Industrial

Average by closing bell. By the

end of October, markets around

the world had crashed, with New

Zealand hardest hit, losing 65

percent. As usual, economists

and banking chieftains began

retrofitting an explanation for

In 1987, it all began in Hong the event. In 1987, Wall Street

Kong. This time it was even was using computer assisted

quicker than in 1929. Black trading, and it seems that

Monday 1987 saw a 23% decline computers were to blame.