Kōrero: Business failures and corporate fraud

Share market crash

Share market crash

On 20 October 1987, which came to be known as ‘Black Tuesday’, the New Zealand share market fell precipitously. In four hours values shrank by $5.7 billion. In the chaos chalkies such as Claire Ruckman were exhausted. Seven times more chalk was used than normal. The collapse followed the speculative boom of the mid-1980s, and was triggered by falls in overseas share markets. Over the next few years a number of high-flying companies became insolvent.

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New Zealand Herald

Permission of the New Zealand Herald must be obtained before any re-use of this image.

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Te tuhi tohutoro mō tēnei whārangi:

Graeme Hunt, 'Business failures and corporate fraud - Failures since 1950', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/photograph/22344/share-market-crash (accessed 9 August 2020)

He kōrero nā Graeme Hunt, i tāngia i te 11 Mar 2010