What was the name of the 1989 stock-market crash that began in the United States on 13 October?

The 1989 stock-market crash that began in the United States on 13 October was called the Friday the 13th mini-crash.

On that Friday, the Dow Jones Industrial Average fell 190.58 points, or 6.91%. The drop was connected to concerns about a proposed leveraged buyout of United Airlines’ parent company and uncertainty about whether the transaction would be completed.

The fall was especially notable because it occurred only two years after Black Monday in 1987. Modern financial markets were still developing new safeguards and trading practices, while program trading and derivatives could increase the speed of selling.

The event was not as destructive as the 1987 crash and did not produce a prolonged global depression. Its popular name distinguishes it from Black Monday and from the unrelated Friday the 13th events in other markets. The Dow’s point decline was later surpassed many times as the index grew larger.