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(Tell Me Why) I Don’t Like Mondays: The Crash of 1987

In: Money Talks

Author

Listed:
  • Geoffrey D. Klinger

    (DePauw University)

  • Jennifer Adams

    (DePauw University)

  • Kevin Howley

    (DePauw University)

Abstract

The Crash of 1987 came just after Greenspan took office. It was an early test not only of his intellectual commitments, but also of his ability to handle his new position. The crisis challenged Greenspan’s assumptions about the self-correcting mechanisms of the market. While he was perhaps willing to accept some economic hardship to wage his war on inflation, he wanted any downturns in the economy carefully planned and controlled. Circumstances did not always accommodate his wishes. But, as this chapter demonstrates, Greenspan had a well-developed ability to adapt to changing circumstances, even when they are radical and unexpected.

Suggested Citation

  • Geoffrey D. Klinger & Jennifer Adams & Kevin Howley, 2022. "(Tell Me Why) I Don’t Like Mondays: The Crash of 1987," Springer Books, in: Money Talks, chapter 0, pages 131-142, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-00816-0_8
    DOI: 10.1007/978-3-031-00816-0_8
    as

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