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The federal government played very different roles in the crash of 1929 and the crash of 1987. Although the federal government played a role in both crashes, it was for two seperate reasons. In 1929 the federal government took money out of the economy in an attempt to stop speculation while in 1987, the federal reserve increased the discount rate from 5.5 to 6 percent which could have caused some to sell their stock. In 1987 the federal government was quicker and much more effective in preventing further damage after the crash than in 1929. After the crash in 1929 a downward spiral occured as people could not pay their loans and banks could not give money to those making withdrawals. This concept led further to the collapse of the banking-system that occured shortly after. In 1987 the federal government acted differently by providing enough money to the economy to prevent a future banking crisis. The government used open-market operations to help increase bank reserves allowing those who needed money to be able to take out loans and to prevent what happened in 1929 to happen again. After the crash of 1929, the federal government did virtually nothing to help the banking-system or to help avoid future economic issues. Overall, the federal government took a much more active role in 1987 than in 1929 to avoid a banking crisis and allow for the US to stay out of a recession or a depression in the years following the crash.

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The stock market crash of 1929 made its impact for the first time October 24, 1929 before hitting again October 29, 1929. The crash was due to an economic spiral down following trends in the 1920's such as buying on margin, over speculating and manipulation of the stock market. The occurrence of the crash was due to a large amount of people panic selling their shares due to the falling of stock market prices that September. The panic selling and increased trading of stocks caused the stock market's shares to further decrease in value causing the downward spiral of the stock market. The stock market fell until 1932 and decreased stock value by $45 billion. As a result of the crash many acts such as the Glass-Stegall Act and the Securities Exchange act were passed to prevent further happenings.

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The crash of 1929 was a major crash in the stock market after a dramatic rise in stock prices. After it fell, panic caused a record-breaking 13 million shares to be traded in one day. Later, in 1987, another crash in the stock market occured after a dramatic increase in prices. After it fell, panic caused 604 million shares to be traded on the New York Stock Exchange alone making new records. In 1929 prices fell about 10 percent and then rose about 8 percent later while in 1987 prices fell by about 8 percent and later rose by about 6 percent.After the crash in 1929, many telegraph and telephone lines could not keep up and ran an hour and a half over late leaving many to not know how much they got for a stock until much later. Similarly, in 1987, the Phone networks computers were jammed due to the amount of trading and those who wanted to sell were unable. As a “market crash” forecast was issued, people began to learn to quickly sell on huge volume. Both crashes were extremely similar in the way they were started and then carried out, however the crash of 1987 was a much smaller crash.

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The stock market crash of 1987 occurred after the inflation of the late 70s and early 80s was contained. October 19, 1987, also known as Black Monday, was the day the stock market crashed. The Dow Jones reached its peak in August but finally fell in October. In one day the value of stocks dropped 22.6 percent which was higher than the drop in 1929. This was the worst financial crisis since the Great Depression as investors lost about $500 billion in one day. The matter was made worse with new technology as many programs were automatically selling stocks and jamming the networks. Due to the interference of the of the federal government, a banking crisis was avoided and the economy was able to return back to normal in two years. They were able to implement new forms to protect the economy in the future and a recession and a depression was avoided.

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The crash of 1929 was followed by the Great Depression and long period of recovery. However, the crash of 1987 was not followed by a depression or recession and the market recovered two years after the crash. During the 1929 crash, banks lost a vast amount of money that caused them to not be able to give out loans to people until the market would be able to recover. This ultimately led to declining production, increased unemployment, and falling prices. The crash on Wall Street also caused stock market crashes around the world. Actions of reform were taken place to prevent further stock market crashes such as the Glass-Steagall Act of 1933 and the Securities and Exchange Commission. Unlike the crash of 1929, the crash of 1989 didn’t have any major effects or grave damage to the economy even though it was the largest drop in stock prices in one day. The US economy embarked on a 10-year expansion period to prevent stock market crashes after a brief recession in 1990-1991 following the Gulf War. The primary course of reform were circuit breakers that put a stop on trading on major exchanges for a period of time if stock prices fell more than specific amounts. Overall, both crashes involved taking necessary actions of reform, but the crash of 1929 had far more serious and damaging effects than that of the crash of 1987.

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Both the crash of 1929 and the crash of 1987 had multiple causes which helped bring the market down. In both of these incidences many investors wanted money and speculation allowed stock prices to rise leading to the inevitable fall of prices later. When these prices did fall as people were selling, in both cases people began to sell their stocks off before they got to low. The panic effected both causes and was a reason the prices were able to fall so low. Besides the similarities, both crashes had unique causes of their down fall. In 1929 people were afraid that in the Smoot Hawley Tariff passed than profits would lower in exporting. This fear led to many selling. Buying on margin was a popular idea in the 1920s and after prices fell people couldn’t pay back loans they had made to buy the stocks which led to even further selling. However, in 1987 programmed and computer trading became a problem. As they were ordering automatically they were also selling automatically and when prices began to drop systems became jammed and caused more of a panic. Along with this, investors also were concerned that inflation would return. People began to sell to invest in other interest earning assets instead. Although some of the main causes of the crashes were the same, they both had their own unique underlying issues that led to the further falling of prices.

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Overall, the crash of 1929 and the crash of 1987 had significant differences while also having similarities. Both crashes were very similar in the fact of the way they started and how they carried out. Both crashes led to an interruption in communication such as telephone lines in 1929 and phone network computers in 1987. What followed the crashes were very different from each other. The 1929 crash was followed by the Great Depression, and recovering from the crash was a long process. The crash 1987 did not have as much of serious damage to the economy as 1929 had, and the market recovered only two years after the crash. Similarly, both crashes involved taking actions on reform to prevent further stock market crashes. In addition, both crashes had similar causes where investors wanted money and speculation led to a rise in stock prices which ultimately caused the fall of those prices later on. However, they also had their differences. In the crash of 1929, buying on margin and the passing of the Smoot Hawley Tariff became some of the main causes. In the crash of 1987, one of the main problems was programmed and computer trading. The Federal Government had very contrasting roles in these crashes. In the crash of 1929, the federal government basically did not do anything in an effort to help the banking-system or prevent further economic issues. Taking a much more active role in the crash of 1987, the federal government provided money for the economy to prevent future banking crisis and was much more effective in taking charge of preventing further damage to the economy. Overall, although both crashes had their similarities, they were both unique in their own ways.