May 24: The Stock Market Crash of 1987
The stock market crash of 1987 is the largest crash in recent United States History. Although there was a minor crash at the turn of the 21st century, it was nothing in comparison to the end of the 1980s. In fact, the 1987 crash is the worst single day in American financial history. There was a 22% loss in the market on October 19, 1987 or Black Monday. That is almost double the 12% loss experienced by investors in 1929 on Black Tuesday.