Black Thursday (2020) facts for kids
|Date||March 12, 2020|
|Type||Stock market crash|
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.
Black Thursday (2020) Facts for Kids. Kiddle Encyclopedia.