A live audiovisual performance held during Radical Networks 2018 at Spektrum Berlin.
19 October 1987, New York Stock Exchange
Against a volatile backdrop of bombing in the Persian Gulf, a Great Storm forcing European financial markets to close and the excitement around the rise of computer program trading, the Dow Jones suffers its heaviest percentage loss ever. On that Black Monday, half a billion dollars are wiped from US stock markets. With computerised trading an untested novelty in Wall Street, a network capable of placing thousands of orders triggered a domino effect, dragging markets into a downward spiral. “A demon of our own design”.
19 October 2018, Berlin
31 years after Black Monday, the Network Ensemble re-enacts the events of the day, collecting video footage and wireless network data from the NYSE, using a custom-made portable machine. Both streams were live-transmitted to Berlin and combined with a sonification of historical financial data and audio commentary from the day, alongside projected imagery of the NYSE.