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Black Monday kicked off the Depression.
It launched its first unit trusts at an inauspicious time - July 1987, just three months before Black Monday.
Interestingly enough, the cause of the massive drop cannot be attributed to any single news event because no major news event was released on the weekend preceding the crash. While there are many theories that attempt to explain why the crash happened, most agree that mass panic caused the crash to escalate.
Since Black Monday, a number of protective mechanisms have been built into the market to prevent panic selling, such as trading curbs and circuit breakers.
1) церк. понедельник на Фоминой неделе
2) школ. разг. первый день после каникул
19 октября 1987 г., когда произошло резкое падение фондовой конъюнктуры, ознаменовавшее биржевой крах)