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The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. [ 1][ 2][ 3] It is widely considered to have been the most severe recession since World War II until the 2007–2008 financial crisis. [ 4][ 5][ 3]
Black Monday (also known as Black Tuesday in some parts of the world due to time zone differences) was the global, severe and largely unexpected [ 1] stock market crash on Monday, October 19, 1987. Worldwide losses were estimated at US$1.71 trillion. [ 2] The severity of the crash sparked fears of extended economic instability [ 3] or even a ...
Souk Al-Manakh stock market crash: Aug 1982 Kuwait: Black Monday: 19 Oct 1987 USA: Infamous stock market crash that represented the greatest one-day percentage decline in U.S. stock market history, culminating in a bear market after a more than 20% plunge in the S&P 500 and Dow Jones Industrial Average. Among the primary causes of the chaos ...
US unemployment rate, 1973–1993. The United States entered recession in January 1980 and returned to growth six months later in July 1980. [1] Although recovery took hold, the unemployment rate remained unchanged through the start of a second recession in July 1981. [2] The downturn ended 16 months later, in November 1982. [1]
The 1973 oil crisis, a quadrupling of oil prices by OPEC, coupled with the 1973–1974 stock market crash led to a stagflation recession in the United States. [65] [66] 1980 recession: January 1980 – July 1980 6 months 4 years 10 months 7.8% (July 1980) −2.2%
As a result of the mid-1980s bull market, the index would more than triple from 102.42 on August 12, 1982, to 336.77 on August 25, 1987. [2] The subsequent stock market crash on October 19, 1987 (Black Monday) saw the index lose 20.47% of its value, its highest daily percentage loss to date. [3]
9 This was the Dow's close at the peak on January 11, 1973 before the 1973–74 stock market crash. 10 This was the Dow's close at the peak of August 25, 1987 before the Black Monday stock market crash. 11 The Dow reached an intraday high above 3,000 for the first time on Friday, July 13, 1990, before falling back below by the close.
Silver price history in 1960–2020 showing the Silver Thursday event in 1980 Gold price history in 1960–2020 showing the Silver Thursday event in 1980. Silver Thursday was an event that occurred in the United States silver commodity markets on Thursday, March 27, 1980, following the attempt by brothers Nelson Bunker Hunt, William Herbert Hunt and Lamar Hunt (also known as the Hunt Brothers ...