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A First-Class Catastrophe: The Road to Black Monday, the Worst Day in Wall Street History
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The definitive history of the 1987 market crash known as Black Monday, by the New York Times–bestselling author of The Wizard of Lies: "Compelling." —Burton Malkiel, The Wall Street Journal
On October 19, 1987, the Dow fell 22.6 percent—almost twice as bad as the worst day of 1929, and equal to a one-day loss of nearly 10,000 points today. Black Monday was more than seven years in the making and threatened nearly every US financial institution. Drawing on superlative archival research an...