20 years since the second Wall Street crash

On October 19, 1987 in what became known as "Black Friday" The Dow Jones industrial average dropped by 30%, the largest one-day stock market crash in history. This one-day decline was not confined to the United States, but mirrored all over the world. By the end of October, Australia had fallen 41.8%, Canada 22.5%, Hong Kong 45.8%, and the United Kingdom 22.5%. This was almost twice as bad at the Stock market crash of October 29, 1929, the Great Depression, where the 1929 decline approximated to 11.7%.
No single news event could account for the...