What is "black monday"

Black Monday \Black" Mon`day\

1. Easter Monday, so called from the severity of that day in 1360, which was so unusual that many of Edward III.'s soldiers, then before Paris, died from the cold.
   --Stow.

   Then it was not for nothing that my nose fell a bleeding on Black Monday last.
   --Shak.

2. The first Monday after the holidays; -- so called by English schoolboys.
   --Halliwell.

In finance, Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already declined by a significant margin. The Dow Jones Industrial Average (DJIA) fell exactly 508 points to 1,738.74 (22.61%). In Australia and New Zealand, the 1987 crash is also referred to as "Black Tuesday" because of the time zone difference.

The terms Black Monday and Black Tuesday are also respectively applied to October 19 and October 20, 1929, which occurred after Black Thursday on October 15, which started the Stock Market Crash of 1929.

Black Monday in Malta refers to 15 October 1979 when the Progress Press (publisher of The Times) and the home of Eddie Fenech Adami, then Leader of the Opposition, were ransacked following a rally by the Labour Party.

Black Monday is a term used to refer to certain Mondays when undesirable or turbulent events have occurred. It has been used in the following cases:

The Newfoundland Bank Crash of 1894, known as Black Monday, was one of the turning points in Newfoundland's early history.

The financial woes of the former British colony were worsened when two of the commercial banks of Newfoundland, the Union Bank of Newfoundland (established in 1854) and the Commercial Bank of Newfoundland (established in 1858), both located in St. John's, Newfoundland, Canada, closed their doors to the public on December 10, 1894. Fish merchants sat on the boards of directors of both of these banks, and had approved large and risky loans to themselves, leaving the banks with dangerously small cash reserves leading into the crash.

London banks suspended credit to the Commercial Bank of Newfoundland and requested payment on some of its loans. The Commercial was unable to meet these demands and was forced to close two days later. A bank run ensued on both the Union and Savings Banks. The government-run Savings bank was able to weather the storm, but the Union was forced to close that day, never to re-open.

In finance and investing, Black Monday 2011 refers to August 8, 2011, when US and global stock markets crashed following the Friday night credit rating downgrade by Standard and Poor's of the United States sovereign debt from AAA, or "risk free", to AA+. It was the first time in history the United States was downgraded. Moody's issued a report during morning trading which said their AAA rating of U.S. credit was in jeopardy, this after issuing a negative outlook in the previous week.

By market close, the Dow Jones Industrial Average lost 634.76 points (-5.55%) to close at 10,809.85, making it the 6th largest drop of the index in history. Black Monday 2011 followed just one trading day behind the 10th largest drop of the Dow Jones Index, a 512.76 (-4.31%) drop on August 4, 2011.

Black Monday is the third album by Detroit rapper Dice. The album contains a diss track aimed at Esham, " Kkkill the Fetus". The album sold 8,000 units.

Black Monday took place on Easter Monday (1360) during the Hundred Years' War (1337–60), when a huge hail storm struck and killed an estimated 1,000 English soldiers. The storm was so devastating that it caused more English military casualties than any of the previous battles of the war.