Black Monday Meaning in the Cambridge English Dictionary
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Meaning of “Black Monday” in the English Dictionary

"Black Monday" in Business English

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Black Mondaynoun

uk   us   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.
Monday, October 19, 1987, when the ​price of ​shares on the New York Stock Exchange ​lost 508 ​points from their ​value, causing problems in ​stockmarkets around the ​world: It ​launched its first ​unittrusts 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 ​stockmarkets around the ​world
(Definition of Black Monday from the Cambridge Business English Dictionary © Cambridge University Press)
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