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... pping by -22.6% in a single day.

Due to the lack of a circuit breaker mechanism and limits on price fluctuations, many millionaires became poor overnight. This day was also known in the financial world as "Black Monday."

In October 1988, the US stock trading commission approved the circuit breaker mechanism. When the index fell by 7% within a short time, all markets would suspend trading for fifteen minutes.

It took nine whole years until October 1997 for the US stock mar ...

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