The infamous date of October 19th, 1987 when stock markets in the United States and other countries crashed substantially on panic selling that prompted the installation of various protective mechanisms to prevent such traumatic market events from occurring in future. The Dow Jones Industrial average (DJIA) lost roughly 22% on Black Monday, and by the end of that October, most of the world's major stock exchanges had fallen by over 20%.
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Crash of 1987
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credit default swap (CDS)
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