Black Monday
2
7.7
- proper noun
:
Lunes Negro
- Black Monday.
- Black Monday in 1987
- Black Monday in October
- Black Monday, the Dow
Examples
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The reason for that practice was when Greenspan created a crash that produced more losses than 1987's Black Monday, when he increased the Fed funds rate by 25 basis points in 1994 without any warning.
Blog text (31) -
On Black Monday, the Dow Jones Industrial Average plummeted by 23 percent, marking one of the worst days in stock market history.
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A closing thought about the "disaster" of Black Monday from someone with almost 40 years in the financial planning industry:
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Black Monday, By the Numbers.
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I bet you probably don't remember the details I listed above describing what happened on Black Monday.
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Today is the Silver Anniversary of Black Monday: October 19, 1987, the day of the largest ever one-day stock market decline.
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Cause of Black Monday?
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But with her discount policy for all the socialites of the Five Towns—even before Wall Street's Black Monday in October and the end of spending as a sport—the shop was a losing proposition.
Fiction book (1994) -
Black Monday refers to Black Monday, October 19, 1987, when global stock markets crashed dramatically, leading to a financial crisis.
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The aftermath of Black Monday led to significant changes in financial regulations to prevent future market crashes.
Synonyms
Surface Forms
Morphology
A B1 learner who knows 'black' and 'Monday' can infer that it refers to a particularly bad or unlucky Monday (since 'black' is often used metaphorically for tragedy), but they would not be able to derive the specific historical meaning — a worldwide stock-market crash on 19 October 1987 — without prior cultural or factual knowledge. The metaphorical use of 'black' for disasters is common cross-linguistically, giving partial transparency, while the precise financial event is idiomatic and not predictable from the parts.
Etymology
Black Monday comes from the simple image of a black day and a Monday when things go very wrong. People used 'black' to mean 'very bad', so when world stock markets crashed on October 19, 1987 that Monday was called Black Monday, and now the name refers to that big market crash.