Black Thursday (2020) facts for kids

Kids Encyclopedia Facts

Date	March 12, 2020
Type	Stock market crash
Cause	COVID-19 pandemic-induced market instability Russia–Saudi Arabia oil price war US travel ban against the Schengen Area

Black Thursday was a global stock market crash on March 12, 2020 as part of the greater 2020 stock market crash. Global stock markets suffered the greatest single-day fall since the 1987 stock market crash.

Following Black Monday three days earlier, Black Thursday was caused by the 2019–20 coronavirus pandemic and a lack of investor confidence in United States President Donald Trump after he added a 30-day travel ban against the Schengen Area.

Images for kids

The Federal Reserve has expanded its balance sheet greatly through three quantitative easing periods since the 2008 financial crisis. In September 2019, a spike in the overnight repo interest rate caused the Federal Reserve to introduce a fourth round of quantitative easing; the balance sheet would expand parabolically following the stock market crash.
Federal Reserve Chairman Jerome Powell announces a 50 basis point cut in the federal funds rate target on 3 March 2020 in light of "evolving risks to economic activity" from the coronavirus
On 11 March 2020, the Dow Jones Industrial Average ended an 11-year bull market run and entered a bear market. Symbolic statues from the Frankfurt Stock Exchange pictured.

National Hispanic Heritage Month on Kiddle

Famous Hispanic activists

All content from Kiddle encyclopedia articles (including the article images and facts) can be freely used under Attribution-ShareAlike license, unless stated otherwise. Cite this article:

Black Thursday (2020) Facts for Kids. Kiddle Encyclopedia.