Black Monday

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New Deal

Franklin Delano Roosevelt (1882—1945) American Democratic statesman, 32nd President of the US 1933–45

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19 October 1987, the day on which world stock markets collapsed. In New York the Dow Jones index fell by 23 percent, and significant falls occurred in London and other major stock markets worldwide. The collapse started widespread fears of a worldwide depression, which did not in fact occur.

Subjects: Economics.

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