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Black Monday is the name given to Monday, October 19, 1987, when the Dow Jones Industrial Average (DJIA) dropped dramatically, and on which similar enormous drops occurred across the world. By the end of October, stock markets in Hong Kong had fallen 45.8%, Australia 41.8%, Spain 31%, the United Kingdom 26.4%, the United States 22.68%, and Canada 22.5%. (The terms Black Monday and Black Tuesday are also applied to October 28 and 29, 1929, which occurred after Black Thursday on October 24, which started the Stock Market Crash of 1929.)
The Black Monday decline was the second largest one-day percentage decline in stock market history....
I was talking about this Black Monday (from the Wall Street Jounal):
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Online Retailers Gear Up For Busy 'Black Monday'
By Mylene Mangalindan Staff Reporter of THE WALL STREET JOURNAL
This coming Friday is one of the year's biggest days for shoppers and retailers. But for many, the Web has made the following Monday just as crucial.
With the rapid expansion of the Internet, the Monday after Thanksgiving has grown to be the all-important kickoff of the online holiday shopping season. On that day, consumers head back to work -- and their computers -- ready to shop after the long holiday weekend.
Last year, the Monday after Thanksgiving was the peak day for online transactions, according to VeriSign Payment Services, a unit of eBay Inc.'s PayPal that processes electronic payments ...