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American History

80 Iconic Moments from the 80s Forever In Our Minds

Cliff Schiappa / AP

19. Black Monday

Maria Barstone / AFP / Getty Images

October 19, 1987, became known as Black Monday because the Dow Jones Industrial Average dropped by more than 500 points in one day. Stocks began falling at the beginning of the day, and panic-selling caused them to drop precipitously as the day went on. The drop was the worst since 1914.

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