History of Money Series: Black Monday 1987 - The Worst Day in Market History

Podcast: Creating Richer Lives · Karl Eggerss

Opublikowano: 2026-08-08

October 19, 1987. The Dow fell 22.6% in a single day. It's still the worst day in the history of the American stock market, nearly double the worst day of the 1929 crash. And here's the part almost nobody remembers: the market finished that year up. In this first episode of the History of Money series, Karl Eggerss walks through what actually happened on Black Monday. Why an expensive market, rising interest rates, and a currency fight set the stage. How a strategy called "portfolio insurance", sold to pension funds as a way to protect against losses, became the thing that...