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In the Crash of 1929 the stock prices already increased hugely the year before, and then they fell a large amount then increased again, creating a large breakout of panic selling because it was unsteady. They had a record breaking 13 million shares at the time that were traded. The technology was to slow to keep up with the trades, so people did not know the prices of their trades till late that night. Panic selling started again so the prices weren’t able to steady out. In the Crash of 1987, the stock prices were steady for the week before the crash and then dropped more than any other day of the twentieth century. The drop in value of stocks was in 1987 was nearly double the one-day loss record set in the crash of 1929. They also had way more shares traded than 1929. They did both go through a time of panic selling, but in 1987 they did take action to prevent too much panic.

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Following the crash of 1929 the economy was still declining. There was a decline in production, Banks lost large amounts of money, and there was a large increase of unemployment rates. Consumers and business were lacking confidence and were less willing to spend money. The organization that was created  following the 1929 crash was the securities and exchange commission to protect people against misconducts in financial markets. As for following the crash of 1987 the effects were not as bad. Stocks were more steady and people were more cautious when it came to their economic values. Although the crash had the largest one day drop in stock market prices the term preferred to be used was just a “market interruption”. Following the 1987 crash people had already had created circuit breakers to that are designed to avoid such a panic by giving investors more time to think about their choices when the prices fell.

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In both 1987 and 1929 the stocks were way overvalued, the stock prices were far too high so the prices were bound to fall in both years. The federal reserve policies were causes of both of the crashes, in 1929 the fd caused interest rates to rise so this led to a decrease in demand of stocks. In 1987, the fed made an announcement that may have caused investors to sell their stocks. In 1929, the Smoot Hawley Tariff Act that caused and expectation of lower profits in the exporting sector that could have caused people to sell stocks. While in 1987 they had programmed and computer trading, which ordered large stock trades automatically when stock prices reached certain levels, so as prices fell, sell trade orders cam in automatically, jamming te system and causing more panic among investors. Finally, a huge cause in both crashes was the psychological reasons, people had a lot of fear in both crashes, which caused panic selling. During both crashes people rushed to try to sell their stocks before prices fell even further.

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For the crash of 1929 the Federal Reserve had plenty opportunities to assist with helping the banking system out of the crisis but decided not to do so. If they had supplied money to banks after the stock market crash it might have prevented the banking collapse that followed. Economists are set to believe that the Fed policies are the primary causes of the great depression. As for the crash of 1987 the Fed contributed almost immediately. With the Federal Reserve coming into play it was able to prevent big declines in consumption and investments. The Fed was able to reverse the panic and they also used open market operations to cut  interest rate by 1 percent along with providing money to bank reserves. With the Fed contributing to this crash they ensured there wasn´t a recession that followed.