Black Thursday
Encyclopedia
Black Thursday is a term used to refer to events which occurred on a Thursday. It has been used in the following cases:
- February 6, 1851, Black ThursdayBlack Thursday (1851)The Black Thursday bushfires were a devastating series of fires that swept the state of Victoria, Australia on 6 February 1851. They are considered the largest Australian bushfires in a populous region in recorded history, with approximately 5 million hectares, or a quarter of Victoria, being burnt...
, a day of devastating bushfires in VictoriaVictoria (Australia)Victoria is the second most populous state in Australia. Geographically the smallest mainland state, Victoria is bordered by New South Wales, South Australia, and Tasmania on Boundary Islet to the north, west and south respectively....
, AustraliaAustraliaAustralia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area... - September 18, 1873, during the Panic of 1873Panic of 1873The Panic of 1873 triggered a severe international economic depression in both Europe and the United States that lasted until 1879, and even longer in some countries. The depression was known as the Great Depression until the 1930s, but is now known as the Long Depression...
when the U.S. bank Jay Cooke & CompanyJay Cooke & CompanyJay Cooke & Company was a U.S. bank from 1861 to 1873. It was the first brokerage house to use telegraph messages to confirm with clients the purchase and sale of securities. Headquartered in Philadelphia, Pennsylvania, it had branches in New York City and Washington, DC...
declared bankruptcy, triggering a series of bank failures - October 24, 1929, the start of the Wall Street Crash of 1929Wall Street Crash of 1929The Wall Street Crash of 1929 , also known as the Great Crash, and the Stock Market Crash of 1929, was the most devastating stock market crash in the history of the United States, taking into consideration the full extent and duration of its fallout...
at the New York Stock Exchange. "Black Tuesday" was the following week on October 29, 1929. - October 14, 1943, when the Allies suffered large losses during bombing in the Second Raid on SchweinfurtSecond Raid on SchweinfurtThe second Schweinfurt raid bombed World War II ball bearing factories to reduce production of these vital parts for all manner of war machines. Named Black Thursday because the loss of aircrewmen was the highest for any USAAF mission...
during World War II - Night of 16/17 December 1943, when RAF Bomber CommandRAF Bomber CommandRAF Bomber Command controlled the RAF's bomber forces from 1936 to 1968. During World War II the command destroyed a significant proportion of Nazi Germany's industries and many German cities, and in the 1960s stood at the peak of its postwar military power with the V bombers and a supplemental...
losses in the Berlin bombing campaignBattle of Berlin (air)The Battle of Berlin was a British bombing campaign on Berlin from November 1943 – March 1944. The campaign was not limited solely to Berlin. Other German cities were attacked to prevent concentration of defences in Berlin, and Bomber Command had other responsibilities and operations to conduct...
were particularly high due to combat losses and bad weather over home airfields - August 24, 1995, when the MoscowMoscowMoscow is the capital, the most populous city, and the most populous federal subject of Russia. The city is a major political, economic, cultural, scientific, religious, financial, educational, and transportation centre of Russia and the continent...
interbank credit market collapsed - February 8, 1996, the Black World Wide Web protestBlack World Wide Web protestOn February 1, 1996, U.S. Congress passed the Telecommunications Act, a telecommunications reform bill containing the Communications Decency Act. Timed to coincide with President Bill Clinton's signing of the bill on February 8, 1996, a large number of web sites had their background color turned to...
against the Communications Decency ActCommunications Decency ActThe Communications Decency Act of 1996 was the first notable attempt by the United States Congress to regulate pornographic material on the Internet. In 1997, in the landmark cyberlaw case of Reno v. ACLU, the United States Supreme Court struck the anti-indecency provisions of the Act.The Act was...
in the United States - July 24, 2003, Jueves negroJueves negroJueves negro refers to a violent series of political demonstrations that created havoc in Guatemala City on 24 July and 25 July 2003....
(Spanish for Black Thursday), when a series of violent political demonstrations created havoc in Guatemala CityGuatemala CityGuatemala City , is the capital and largest city of the Republic of Guatemala and Central America... - The May 6, 2010 Flash Crash, when the Dow Jones briefly lost more than 900 points in response to the 2010 European sovereign debt crisis2010 European sovereign debt crisisFrom late 2009, fears of a sovereign debt crisis developed among investors concerning some European states, intensifying in early 2010 and thereafter.....
and algorithmic tradingAlgorithmic tradingIn electronic financial markets, algorithmic trading or automated trading, also known as algo trading, black-box trading or robo trading, is the use of electronic platforms for entering trading orders with an algorithm deciding on aspects of the order such as the timing, price, or quantity of the... - 30 September 2010, when the Irish governmentIrish GovernmentThe Government of Ireland is the cabinet that exercises executive authority in Ireland.-Members of the Government:Membership of the Government is regulated fundamentally by the Constitution of Ireland. The Government is headed by a prime minister called the Taoiseach...
revealed to its people the alleged full cost of bailing out Anglo-Irish Bank, causing the country's deficit to rise to 32% of GDP - Thanksgiving Day, the shopping holiday preceding Black FridayBlack Friday (shopping)Black Friday is the day following Thanksgiving Day in the United States, traditionally the beginning of the Christmas shopping season. On this day, most major retailers open extremely early, often at 4 a.m., or earlier, and offer promotional sales to kick off the shopping season, similar to Boxing...