year 1987
The year 1987 was marked by significant global events and cultural shifts. In the United States, the stock market experienced a major crash on October 19, known as Black Monday, which saw the Dow Jones Industrial Average drop by over 22% in a single day. This event raised concerns about the stability of the financial markets and led to changes in trading practices.
In popular culture, 1987 saw the release of influential films such as The Princess Bride and Dirty Dancing. The music scene was vibrant, with hits from artists like Madonna and Michael Jackson dominating the charts. Additionally, the first episode of the popular television show The Simpsons aired as a short on The Tracey Ullman Show.