TERRIBLE TUESDAY 1987 ("It Was Almost as Bad as Black Monday") THE ARK OF COMMERCE

My History Can Beat Up Your Politics

Bruce Carlson

News, Politics, History

4.5 • 1.1K Ratings

🗓️ 27 December 2024

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

For Wall Street Insiders, Black Monday was not the worst day. The next day, Terrible Tuesday was an agonizing test of the financial system. As part of our series on the commercial history of the United States, we examine the events of Tuesday the 20th. And we look at the history of insurance in America, the reasons there is a stock market, what was learned and not learned from 1987 and a few other things. A Note - We are pleased to be part of the Airwave Media Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to an Airwave Media podcast.
0:06.5	Hey, want to hear a PC game pass advert?
0:09.2	I'll take your silence as a yes.
0:11.1	Want you games on day one like Call of Duty Black Op 6 or Stalker 2?
0:15.0	I thought so.
0:16.3	How about unlocking all the League of Legends champions when you link your Riot Games accounts?
0:20.2	All for one low monthly price.
0:21.8	Well, guess what?
0:22.8	We got you.
0:24.0	Learn more at Xbox.com slash PC Game Pass.
0:26.8	Stalker to available November 20th, 2024.
0:29.1	Game catalog varies by region and overtime.
0:31.4	And yeah, that's the end of the script.
0:34.3	What could very well happen is that we're going to see signs of more chaos.
0:37.9	And if we do, then you want to stay out.
0:39.9	It's Tuesday, October 20, 1987, and the stock market the day before suffered its worst, same-day crash ever.
0:47.4	Western government leaders and stock market officials tried to talk the world's financial floodgates shut today.
0:54.0	Alan Greenspan, the chairman of the Federal Reserve, calls Leo Malamut of the Chicago
0:59.7	Mercantile Exchange and asks,
1:02.2	Can you open?
1:05.0	He doesn't like even the few seconds delay that he gets, nor the answer from the head of the source of liquidity
1:12.6	for most of the world. We don't know. Panicay investors followed Wall Street, which ended its
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Bruce Carlson, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bruce Carlson and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.