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London Herald: The Wall Street Crash! (Friday,October 25,1929)

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The crash of 1929 resulted in decreasing of money supply due to the Fed. Because of this, the banking systems collapsed by the Fed not providing help for this crisis. This led to the Great Depression.
The crash of 1987 was a lot less serious of an event. The Fed learned from last time and reassured the banking systems a lot sooner to not allow them to crash. The Fed also told the Banks to provide the people with money to be able to pay back their loans and not have another stock market crash. Both crashes had to do with a stock market crash. They also both had a banking system crisis although the crash of 1929 had a lot bigger of an impact than the crash of 1987. This is because the Fed knew how to handle it correctly and learned from the first crash. In both crashes, the fed had to give money to the banks and the people to prevent a stock market crash and allow the people to pay their loans.

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What followed both crashes of 1929 and 1987 was a brief recovery within the market. Although there were also various stock market crashes that quickly followed. This led to brokerage firms, such as those on Wall Street, to implement several reforms  to prevent any further crashes from happening. Although as for the crash of 1929 several acts ( Glass- Steagall Act of 1933, Securities Exchange Act, and the Securities and Exchange Commission) were enacted as reforms to prohibit banks that are members of the Federal Reserve, to protect the public against misconduct in the securities and financial markets, and regulate margin requirements in order to reduce speculations. The crash of 1929 had a large impact on banks as many subsequently failed. While the crash of 1987 stock exchanges updated computer systems and added phone lines to deal with further emergencies, but the main reform was circuit breakers. These halted any major exchanges for a certain amount of time if stock prices fall past a certain amount.

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The stock market Crashes of 1929 and 1987 both had similarities and differences. One difference was that before the crash of 1929 the economy was already declining and reaching an end of prosperity while the stock market crash of 1987 occurred during a time of common wealth, security , and stability. On the contrary one similarity that both crashes share is that when both markets crashed there was a sudden increase in stock prices( Average peak in 1929 being 381.2  while  the average peak in 1987 being 2,722.44), then in both cases following this increase in stock prices a few weeks later stock prices would fall by about 8-10 percent but then would increase by roughly 6 or 7 percent a short time after. After this fluctuation in stock market prices many individuals would trade their shares in the weeks following(13 million in 1929 and 604 million in 1987).

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In both events of the Stock Market crashes of 1929 and 1987, both had similar and different motives that led it to the stock market becoming crashed. The stock market crash of 1987 differed from the 1929 one due to the advancement of technology and how it was used for stocks. In 1987 many large institutional investing companies had the technology to use programmed and computer trading to speed up the process of purchasing large amounts of stocks one a certain amount of money was met. Unlike 1987, the stock market of 1929 was not as advance due to that time period using telephone and telegraph lines to purchase goods but the technology could not keep up. It took about an hour and a half just to confirm that the stock was obtained. Both 1987 and 1929 crashes when people began panicking when others were selling their stocks first since many people didn't want to lose money and quickly wanted to find a way to sell their stock. As well as how much the stocks were overvalued due to many wanting to get rich quickly and eventually the prices were getting above how much were payed.