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1987 stock market crash


Stuart Beadle (right), sharemarket operator for Francis, Alison, Symes and Co, and colleague Grant Taylor show the stress of dealing with the fall in stock prices, 25 October 1987.

When the Wall Street market in New York dropped sharply in October 1987, New Zealand was quickly caught up in the fallout. Many individuals and businesses went bust.


Alexander Turnbull Library
Reference: EP/1987/5979-F
Photographer: Ross Giblin
Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Matauranga o Aotearoa, must be obtained before any reuse of this image.

How to cite this page

1987 stock market crash, URL:, (Manatū Taonga — Ministry for Culture and Heritage), updated