On October 19, 1987, the stock market experienced a historic collapse known as “Black Monday.” The Dow Jones Industrial Average plummeted by 508 points, translating to a staggering 22.6% decrease in value, marking its largest daily percentage loss ever. The index closed at 1,738.74, a significant moment that reshaped investor confidence and market regulations in the years that followed.
Significant Events on October 19 Throughout History
This day has been marked by other vital historical milestones. In 1781, British forces under Gen. Lord Cornwallis surrendered at Yorktown, Virginia, contributing to the eventual conclusion of the American Revolution. This event is often viewed as a turning point in the struggle for American independence.
In 1914, the First Battle of Ypres commenced during World War I, highlighting the brutal realities of trench warfare. Fast forward to 1960, when civil rights leader Rev. Martin Luther King Jr. was arrested during a peaceful protest at a segregated lunch counter in Atlanta. This event marked an early moment in the non-violent protest movement that King played a crucial role in during the burgeoning civil rights era.
Continuing through the decades, on 1977, the supersonic airliner Concorde made its inaugural landing in New York City after a flight from France that lasted only three hours and 44 minutes. This marked the beginning of regular commercial service between Paris and New York, revolutionizing transatlantic travel.
In 2003, Pope John Paul II beatified Mother Teresa in a ceremony at St. Peter’s Square. Mother Teresa, known for founding the Missionaries of Charity, was canonized in 2016 by Pope Francis. She dedicated her life to serving the poorest of the poor before her passing in 1997.
On 2005, former Iraqi President Saddam Hussein stood trial for crimes against humanity, following his capture by U.S. forces in 2003. He was convicted and subsequently executed in December 2006.
More recently, on 2016, the third and final presidential debate took place between Donald Trump and Hillary Clinton. During this event, Trump notably declined to commit to accepting the election results should he lose, a statement that stirred significant political discourse.
Birthdays and Notable Figures
October 19 also marks the birthdays of several prominent figures. Peter Max, the celebrated artist, turns 88 today. Actor John Lithgow reaches 80, while Steve Doocy, a well-known Fox News host, celebrates his 69th birthday. Other notable birthdays include singer Jennifer Holliday at 65, boxing champion Evander Holyfield at 63, and filmmaker Jon Favreau at 59.
As we reflect on October 19, it serves as a reminder of the profound events that have shaped history, from significant political turning points to cultural milestones. The financial upheaval of Black Monday remains a pivotal moment in the history of global markets, emphasizing the interconnectedness of economic systems and the lasting impact of such events on society.
