Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “Black Monday”

Black Monday

noun     ECONOMICS, FINANCE, STOCK MARKET
Monday , October 28, 1929, when the price of shares on the New York Stock Exchange lost a lot of their value , causing very serious economic problems in the US and Europe , and leading to the Great Depression of the 1930s : Black Monday kicked off the Depression . → Compare Black Thursday, Black Tuesday, Black Wednesday, Wall Street Crash
Monday , October 19, 1987, when the price of shares on the New York Stock Exchange lost 508 points from their value , causing problems in stock markets around the world : It launched its first unit trusts at an inauspicious time - July 1987, just three months before Black Monday .
Monday , October 27, 1997, when the price of shares on the New York Stock Exchange lost 554 points from their value , causing problems in stock markets around the world
(Definition of Black Monday noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of Black Monday

Word of the Day

prenuptial agreement

an official document signed by two people before they get married that says what will happen to their possessions and/or children if they divorce (= officially stop being married)

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More