Black Monday is a term that has been used to describe different events throughout history. The term is mostly associated with the stock market crash of October 19, 1987, which was one of the most significant financial events of the 20th century. However, the term has been used to describe other events, including the Monday after Easter in the Middle Ages, and the Monday after Thanksgiving in the United States.
Definitions
Black Monday is a term that is used to describe a significant and sudden drop in the stock market, typically over a single day. The term can also refer to other significant events that occurred on a Monday, such as natural disasters or political upheavals.
Origin
The term Black Monday has its origins in the Middle Ages when it was used to describe the Monday after Easter. On this day, many people would return to work after the holiday, and it was often a day of mourning and penance. The term was later used to describe other significant events that occurred on a Monday.
Meaning in different dictionaries
According to the Oxford English Dictionary, Black Monday is “a day of disaster or great loss, especially in financial markets.” Merriam-Webster defines it as “a day of extreme financial loss or ruin.” The Cambridge Dictionary defines it as “a day when the stock market falls very sharply.”
Associations
The most significant association with Black Monday is the stock market crash of October 19, 1987. On that day, the Dow Jones Industrial Average fell by 22.6%, which was the largest single-day percentage decline in the history of the stock market. The crash had a significant impact on the global economy and led to widespread panic and uncertainty.
Synonyms
Other terms that are used to describe a significant drop in the stock market include Black Tuesday, Black Wednesday, and Black Thursday. These terms are typically used to describe specific events, such as the stock market crash of 1929 (Black Tuesday) or the currency crisis of 1992 (Black Wednesday).
Antonyms
The opposite of Black Monday would be a day when the stock market experiences significant gains. This is often referred to as a “bull market,” which is characterized by rising stock prices and investor confidence.
The same root words
The term Black Monday is made up of two words: “black” and “Monday.” The word “black” is often used to describe something negative or ominous, while “Monday” is the first day of the week and is often associated with starting fresh or beginning anew.
Example Sentences
- The stock market crash of 1987 is often referred to as Black Monday.
- Many investors lost significant amounts of money on Black Monday.
- The term Black Monday has been used to describe other significant events throughout history, such as the Monday after Easter in the Middle Ages.
- Black Monday is a reminder of the risks associated with investing in the stock market.
- The term Black Monday is often associated with panic and uncertainty in the financial markets.