News of the stock market crash of 1987, known as Black Monday, traveled quickly throughout much of the United States and the world. By the morning of Oct. 20, news of the 22% market sell-off and the ensuing panic had manage to work its way onto the front page of just about every major newspaper around the globe.
Many thought the crash was the start of the next Great Depression and the headlines of the day reflect it.
London's papers latched on to the panic as did those in Philadelphia and Los Angeles and the Netherlands. Of course all the major (and not-so-major) New York papers (New York Times Co. (NYT) and New York Daily News) were in on the action as was Time Inc.'s (TIME) Time Magazine.
In the event of another crash, we will likely be reminiscing about Facebook (FB) posts or Tweets (TWTR) 30 years removed, but from 1987 to 2017 we have the black and white pages of the world's newspapers to look back on.
The "Crash of '87 -- TheStreet Special Report" is a series of stories, videos, graphics and other multimedia elements that look at the stock market crash of 1987, also known as Black Monday. TheStreet examines the cause of the crash, reveals some of the hottest stories of the day, and discovers what could cause a similar crash in the future. How can we prevent another Black Monday? Read more about the Crash of '87.Originally published Oct. 19.
Founded in 1851, The New York Times has been a stalwart of journalism since its inception. On Oct. 20, 1987, it was no different.
Thought currently headquartered in Midtown Manhattan, The Times was originally located in the financial district and eventually moved to Times Square.
After only eight years at One Times Square, the paper moved its corporate headquarters to 229 W. 43rd St., which served as its home until 2007 when it moved to its current home in the New York Times building.
Founded in 1829 as the Pennsylvania Inquirer, the daily newspaper is the third oldest surviving daily newspaper in the United States.
Today, the paper also owns Philly.com and the Philadelphia Daily News.
Based in the Netherlands, De Volkskrant was founded in 1919 and has been a daily morning newspaper since 1921. The paper is currently headquartered in Amsterdam.
I don't speak Dutch and Google Translate was little help but from what I can tell the headline "Beurskrach Wall Street Sleurt Amsterdam mee" translates to something to the affect of "Wall Street Market Crash Slips to Amsterdam."
Founded in 1877, The Washington Post made a name for itself through the years for its coverage of Washington, D.C., and the surrounding areas. The paper gained international acclaim in the 1970s for its work around the Watergate Scandal, headed by journalists Bob Woodward and Carl Bernstein.
In August 2013, The Washington Post Co. agreed to sell its flagship newspaper to Amazon.com Inc. (AMZN) founder and chief executive Jeffrey P. Bezos, ending the Graham family's stewardship of one of America's leading news organizations after four generations.
Known as the first successful tabloid newspaper in the United States, The New York Daily News was founded in 1919 as the Illustrated Daily News by Joseph Medill Patterson and was a subsidiary of the Tribune Co. of Chicago -- now known as Tronc (TRNC) .
After years of private ownership the paper returned to its home under Tribune, on Sept. 4, 2017, when Tronc agreed to acquire the paper for the token sum of $1 plus assumed pension liabilities.
Canada's paper of record, The Globe and Mail was founded in 1844 by Scottish immigrant George Brown as The Globe.
In 1936 it merged with the The Mail and Empire to form the current iteration of the news organization.
The San Francisco Chronicle is the largest newspaper in Northern California, according to its website. The newspaper was acquired by Hearst Corp. in 2000. The San Francisco Chronicle was founded in 1865 by Charles and Michael de Young.
Time Magazine weighed in on the Crash of '87 in its Nov. 2, 1987 issue.
On Oct. 12 of this year the Time Inc.'s flagship publication announced an editorial partnership with Reddit.
The New York publisher, in a Form 8-K filing on Sept. 22 with the Securities and Exchange Commission, said it has identified Time Inc. UK Ltd., fulfillment services arm Time Customer Service Inc., a majority stake in Essence and its Coastal Living, Sunset and Golf brands for potential divestiture.
Its flagship title in the U.S. is likely not among those that would be divested.
The Australian was first published by Rupert Murdoch, CEO of 21st Century Fox's (FOXA) News Corp., on July 15, 1964.
The paper is currently based in New South Wales in the town of Surry Hills.
The Times (of London) is one of England's oldest newspapers, having been founded in 1785 as the Daily Universal Register.
According to Encyclopedia Britannica (yes, it is still a thing and seemed fitting as a source for this one), in 1981 Rupert Murdoch's News Corp. acquired the paper through its purchase of Times Newspapers Ltd.
In 2013 News Corp. divided its print and its television businesses into two separate companies.