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English definition of “Wall Street Crash”

Wall Street Crash

noun [S]
 
 
FINANCE, STOCK MARKET
the events in October 1929, when shares on the New York Stock Exchange lost a lot of their value, causing serious economic problems in the US and Europe and leading to the Depression: Economic advisors said there was a danger of a Wall Street crash if investors stopped buying American assets. → Compare the Depression
the events of Monday, October 19, 1987, when shares on the New York Stock Exchange lost 508 points, causing problems in stock markets around the world → Compare Black Monday
the events of Monday, October 27, 1997, when shares on the New York Stock Exchange lost 554 points causing problems in stock markets around the world → Compare Black Monday
(Definition of Wall Street Crash from the Cambridge Business English Dictionary © Cambridge University Press)
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