Sunday, April 5, 1987

The Stock Market Crash


As president I was able to overcome a major disaster that happened during my presidency. The major disaster that happened during my Presidency was the Stock Market Crash. This happened in 1987, on October 19. The stock market was the worst price collapse since 1929, dropping huge value in a short period. The crash ended in Hong Kong spread west through international time zones, and hit the United States after other markets had already declined by a significant margin. Many blame the computerized trading the cause of this sudden drop in stocks. Some say that Derivates Securities triggered this crash as well. By the end of the year the stock market was higher than were it had been before the beginning of the year.

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