Chapter 42

US Stock Market Crisis of 1987

M. Carlson

Board of Governors of the Federal Reserve, Washington, DC, USA

Outline

Introduction

On 19 October 1987, the stock market, along with the associated futures and options markets, crashed, with the S&P 500 stock market index falling about 20%. The market crash of 1987 was a significant event not only because it brought to the fore the swiftness and severity of ...

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