Now we are going to talk a little about two worse days in the history of stock markets, about Black Thursday and another black day, but it is called Black Monday.
Just in one day in 1929, in one “black” day a great number of millionaires have lost all their money and have become “a zero”. The Dow Jones Industrial Average went down from 400 to 145. Also in this short period 5 million dollars were lost, that tragedy concerned New York Stock Exchange. When the day of counting had come it turned to be the most shocking day in the history of stock markets. October, 29. In order to add, a great number of investments from different banks were there. And it goes without saying that accounts of those banks were zero. It was a time for real panic. They tried to save the deposits, but the situation had become worse.
As for the situation in 1987, in the period of one day, Black Monday, 500 billion dollars were wiped away from the same Dow Jones Industrial Average. In different cities the markets were destroying in the same way during short period of time. Some investors tried to return their money from their brokers, but it was useless. The situation was not under the control.
The process of money investment had also the negative character. And every day the situation was getting more dangerous. They didn’t want to buy, they wanted to old. And it was the mistake.
It is not a secret that those crises were a real shock for world economy, but nevertheless the questions about their researching and predicting were not open. The investors and brokers heard cautions about possible danger, that the economy wasn’t safe, and unforeseen actions could take place. But it wasn’t matter till all that really happened.
And John Kenneth Galbraith added that the stock crisis turned to be the matter of time


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