In an effort to educate the next generation, we have a Raleigh local high school student, Riley Campbell, here to answer what she thinks the term Black Monday means to her. Although Riley’s explanation seems like a reasonable answer to the Black Monday question, in regards to finances, Black Monday is more than just “a very awful, sad, first day of the week.”

Founder, Jason Steele, explains that Black Monday is the name commonly attached to the sudden, severe, and largely unexpected stock market crash on October 19, 1987. Led by computer-programed driven trading models, the U.S. markets fell more than 20% in a single day. The severity of the crash sparked fears of extended economic instability and a reprise of the Great Depression.