Timeline: Samuel Dean TATA-FIELD: Chris Korte's New Zealand Genealogy Project

Chris Korte's New Zealand Genealogy Project

1996 - 1997 (0 years)

	Date	Event(s)
1	1997	20 Oct 1997: 'Black Tuesday' share-market crash 'Black Tuesday' share-market crash occurred when billions of dollars were wiped off the value of New Zealand shares in the weeks following 20 October, as the shock-waves of a sharp drop in New York’s Wall St stock market rippled around the world. Many investors lost everything as companies that had over-extended themselves with debt were dragged under. Small 'mum and dad' investors were also burned by the experience; many deserted the share market, which languished until the early 2000s in NZ.