The Great Divide

Overview

This third episode looks at the lurch of the Kiwi stock market from boom to bust in 1987, and the growing philosophical divide between “head boys” PM David Lange and finance minister Roger 'Rogernomics' Douglas. Within two months of the October 1987 stock market crash, $21 billion was lost from the value of NZ shares. Lange and Douglas give accounts of how their differing views on steering the NZ economy eventually resulted in both their resignations.