Black Thursday
Appearance
Black Thursday is a term use to refer to events which occurred on a Thursday. It has been used in the following cases:
- February 6, 1851, Black Thursday, a day of devastating bushfires in Victoria, Australia.
- September 18, 1873, during the Panic of 1873 when the U.S. bank Jay Cooke & Company declared bankruptcy, triggering a series of bank failures.[1]
- October 24, 1929, the start of the Wall Street Crash of 1929 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 Schweinfurt during World War II
- Night of 16/17 December 1943, when RAF Bomber Command losses in the Berlin bombing campaign were particularly high due to combat losses and bad weather over home airfields.
- August 24, 1995, when the Moscow interbank credit market collapsed[2]
- February 8, 1996, the Black World Wide Web protest against the Communications Decency Act in the United States
- July 24, 2003, Jueves negro (Spanish for Black Thursday), when a series of violent political demonstrations created havoc in Guatemala City
- The May 6, 2010 Flash Crash, when the Dow Jones briefly lost more than 900 points in response to the 2010 European sovereign debt crisis and algorithmic trading
- 30 September 2010, when the Irish government 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.[3][4][5][6][7][8]
References
- ^ Chernow, Ron (1998-05-05). Titan: the life of John D. Rockefeller, Sr. Random House. p. 160. ISBN 9780679438083. Retrieved 17 September 2011.
- ^ Banking 1991-2000 Kommersant, Russia's Daily Online
- ^ "Bleak outlook after Irish banks bail out". BBC News. 30 September 2010.
It may have been bright and sunny in Dublin this morning but that hasn't stopped people calling it Black Thursday.
- ^ "Lenihan on Black Thursday". Evening Herald. 30 September 2010.
- ^ "Burton: Today is 'Black Thursday'". Irish Examiner. 30 September 2010.
Speaking this morning, Joan Burton described today as Ireland's 'Black Thursday' ... "I think in Irish history this is going to go down as our 'Black Thursday'," she added.
- ^ "Lenihan admits 'belt-tightening' on the way". TV3. 30 September 2010.
Yesterday has already been dubbed Black Thursday - the day the Irish public found out the total probable cost of our banking crisis.
- ^ "Burton says Fianna Fáil will long be remembered for its 'Black Thursday'". The Irish Times. 1 October 2010.
Labour's Joan Burton described yesterday as "Black Thursday" and said that Brian Lenihan and Fianna Fáil would be remembered for visiting it upon the State.
- ^ "Ireland's apathy". The Guardian. 30 September 2010.
As soon as Ireland's finance minister Brian Lenihan admitted that the "unavoidable" bailout of Anglo Irish bank could cost taxpayers up to €34bn (£29.1bn), Irish opposition leaders were quick to declare today Ireland's "Black Thursday".