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 from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of Black Monday?
Add Cambridge dictionaries to your browser to your website

Word of the Day

past participle

the form of a verb, usually made by adding -ed, used in some grammatical structures such as the passive and the present perfect

Word of the Day

Euphemisms (Words used to Avoid Offending People)

by Kate Woodford,
March 04, 2015
​​​ We recently looked at the language that we use to describe lies and lying. One area of lying that we considered was ‘being slightly dishonest, or not speaking the complete truth’. One reason for not speaking the complete truth is to avoid saying something that might upset or offend people. Words and

Read More 

snapchat verb

March 02, 2015
to send someone a message using the photomessaging application Snapchat We used to have a thing until he got a girlfriend. now

Read More