The process of depression or recession could be titled as the reasons for such terrible crisis of 1987. While, it was clear, that the biggest one-day fall down in stock prices in XXth century couldn’t be named as a great disaster of the world, and even some magazines wrote that it was just an interruption in work in the stock markets.
The most important cause, why the results of 1929, which caused the Great Depression, were rather unlike from the results in 1987, means the experience of the international civilization to deicide the problems concerning the crisis and to have the possibility to stabilize the economical conditions in a good way.
And now we are going to talk more about the conditions of the crash in 1929 through the information given in the newspapers and magazines. It was evident that the situation in the market would be devastating and loud. But the industry was not sound and in fact was weak.
Here is another description of the crucial events in 1987: the stock market saw the disaster in October 1987 during a period of relative success. Real Gross Domestic Product enlarged on 3-4 percent (according annual rate); and the inflation in 1980s had mostly been limited.
And at the end of the article I could point one more description of the crisis in 1987. It is said that the reaction of the event was not panic, it was just the re-establishment of the clear-headedness and reasonableness.
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