The Original 'Black Monday' And Other Stock Market Crashes In History

05:57

August 24, 2015

A picture taken on October 19, 1987, shows a trader holding his head on the floor of the New York Stock Exchange when the Dow Jones dropped over 500 points, as panic selling swept Wall Street. (Maria Bastone/AFP/Getty Images)

The slide in financial markets is increasing - the Dow industrials fell more than 1,000 points, with U.S. and European stocks diving after China's main index fell 8.5 percent, wiping out the gains made for the entire year.

Some in China are calling today "Black Monday." Derek Thompson of The Atlantic speaks with Here & Now's Jeremy Hobson about how this compares this to the original "Black Monday" in 1987 and other stock market crashes in history.

Guest

Derek Thompson, senior editor at The Atlantic. He tweets @DKThomp.

This segment aired on August 24, 2015.