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After the economy had reached a stable place following WWI stocks began to drop significantly. Some factors that played a part in this was overvalued stocks, curb speculation and the Smoot Hawley Tariff. Not only did all of these factors contribute to the crash, but the economy was already close to entering a recession. The main goal was to simply reestablish peoples trust and confidence in the economy. The feds unfortunately played a small role in doing so. It took quite some time for the country to retaliate and re-gain where the market had been before the crash

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The stock market crash of 1987 was caused by many factors including problems with inflation, overvalued stocks, federal reserve policies, debt, psychological reasons, and many problems with new technology being used to handle the stock market. During this crash,  many investors lost tremendous amounts of money creating the largest financial downfall for the United States since the Great Depression. Most People tried to sell their stocks all at once, making the computers and programs handling the stocks crash. This did not allow for people to see their own stocks, causing them to loose money when the market crashed.However this comeback from the crash was well planned and returned the market to its peak within the next two years.

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The stock market crash of 1929 took place in October after stock market prices decreased almost 10 percent. This sudden drop, after the market’s peak just a year before, sent the people into a panic. People began to sell and trade stocks rapidly before further damage could be done to their investments. Bankers wanted to work to reinstall people's confidence in the economic system by buying stocks. In 1987 a similar situation occurred. Stock prices yet again reached a peak, but then steadily began to decrease. On October 19 stock prices fell 22.6 percent in one day, almost doubling that of the 1929 crash. Like the crash of 1929 the amount of economic loss was mainly caused by panic selling. This resulted in the crash of 1987 becoming the second worse economic loss following the Great Depression. Fortunately. Due to the crash of 1929 the US was better prepared for the crash of 1987 and was able to quickly put an end to it.

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In 1929 when the stock market crashed the first time, many people believed that it was the Federal Reserve’s and their policies fault. The Fed was also in direct blame for the Great Depression following the crash. The Fed did not support the stock market, in fact in 1928, they decreased the economy’s money supply to try and discourage stock market speculations. Because the Federal reserve created such a tight monetary policy people didn’t have as much money to buy stocks so they would take out bank loans to buy them, but when the stock market crashed the people who invested in stocks lost money and were unable to pay back their bank loans. This resulted in the banks crashing too. People think that if the Fed would have just helped increase bank reserves, the stock market cash would not have resulted in further economic damage, the Great Depression. In 1987, the second stock market crash occurred, but there was a drastic change in the role of the Federal Reserve. This time, the day after the stock market crashed, the Fed reassured the people and the banks that they would provide the bank reserves enough money to support the economy until the stock prices went back up and people were able to pay back their loans, which they proceeded to follow through with. Because of their quick actions, another banking crisis was avoided and another recession was also avoided.

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The stock continued to go in a downward spiral until around 1932, but by then the stocks prices had decreased over 75% and did not reach its peak until around 25 years later. At this point Consumers and business were less willing and couldnt spend money due to the terrible economy. This all lead to big failures in banks followed by high unemployment and falling prices. There was a world wide stock crash due to the crash on Wall street which damaged Paris, Berlin, London and Tokyo which lead to several reforms in attempt to prevent the stock market. The Glass Steagall Act of 1933 prohibited banks that happen to be members of the federal reserve from affiliating with companies who had a major purpose to sell stocks. During the crash of 1837 was not known as a serious damage to the economy. At the end of 1987 stock prices were at the same level they were the year before. The 1987 crash made it clear that the finances of countries were tied together and economies were becoming more global This crash was not followed by a depression or a recession and was not considered a crash it was suggested more as “market interruption”. Between 1900-1991 prices were more increasing regulators from different security markets agreed to communicate regularly to coordinate their activities but the main reform was it a circuit breaker in 1988 which automatically halted trading on major exchanges for a time if stock prices fell more than a certain amount. All in all circuit speakers were made to stop panic selling by giving investors time to rethink their choices of when the prices for stock or falling in a dramatic way.

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The Crash of 1929 was caused by six main factors: margin buying, overvalued stocks, federal reserve policies, the Smoot Hawley Tariff Act, the general state of the economy, and psychological reasons. Problems with stocks such as being overvalued and margin buying were a large cause of the crash. Margin buying is buying the margin of an asset and relying on borrowing money from a bank to pay the balance. When people would buy their stock, they would be paying as little as 10 percent relying on banks for the other 90 percent, then the stocks weren’t enough to repay the loans when the market fell. In addition to this, stocks were much too expensive to buy in comparison to the amount of money that had to be paid back to to the banks people borrowed the money from. The Federal Reserve policies caused interest rates to rise in order to curb speculation in the stock market. Since these rates were higher, people were less inclined to buy stocks. THe Smoot Hawley Tariff Act was originally meant to stimulate production in the US by taxing imports. Investors worried that if it passed the profits of American exporting companies would not make enough money by lack of business from other countries. Since people were expecting this fall in export people sold their stocks for these companies affected by the tariff. Also at this point in 1929 before the crash, production, prices, and income were all falling. Many public figures predicted trouble causing people to sell their stocks. As for the people of the US, they started to acquire irrational behavior. When people began getting worried and started selling their stocks, others started following in their footsteps. The crash of 1987 that followed had many similar causes as the crash of 1929. The three most similar potential causes to these crashes were overvalued stocks, federal reserve policies, and psychological reasons. Where these two crashes differed was that the crash of 1987 was also caused by inflationary fears, programmed and computer trading, and a debt-ridden economy. Since people were concerned with the potential inflation in the 1970s and 1980s, the interest rates began to rise. Many of these rates rose to a point to where they had to be sold. Since computers were an emerging tool at this time, many large companies were using programs on computers that would invest for them when the market reached a certain point. As prices fell, the programs all the sell trade orders were sent at one time, overloading the system, which worried investors more. Lastly, since both the trade deficit and government budget deficits increased rapidly, investors feared that US stocks would fall relative to foreign stocks, which caused them to sell.