Stuart Beadle (right), sharemarket operator for Francis, Alison, Symes and Co, and colleague Grant Taylor show the stress of dealing with the fall in stock prices, 25 October 1987.
When the Wall Street market in New York dropped sharply in October 1987, New Zealand was quickly caught up in the fallout. Many individuals and businesses went bust.
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The 1980s
Keywords
RELATED TO 1987 STOCK MARKET CRASH
Events
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21 January 1859
Ice comes to Nelson
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28 March 1983
Signing of CER agreement strengthens trans-Tasman trade ties
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10 July 1967
NZ adopts decimal currency
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30 July 1979
Carless days introduced
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1 October 1986
Goods and Service Tax Act comes into force
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15 February 1882
First shipment of frozen meat leaves NZ
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1 April 1987
State-owned enterprises are born
Biographies
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Bill Sutch
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Julius Vogel
Articles
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Feeding Britain
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The 1980s
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The Vogel era
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Homosexual law reform
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1981 Springbok tour
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Korean War
Community contributions