Y2k Vs. Stock Market Crash :: essays research papers

The credit line market crash of 1929 and the social class 2000 bug argon very similar. sable Thursday was not unrivalled of the brightest days in American History. This day was the cause of a nation downward turn that closed 4000 banks, starting the great depression, and leading to rakehell that at one time would decrease 89% to the value some had bought.The cause of the stock market crash was largely due to over investment. The problem was quite a little who didnt have the resources, investing from credit to buy into the short-lived age of wealth. galore(postnominal) concourse now are investing entropy in computers that is irreplaceable. They farewell the data there assuming it leave alone be there the coterminous day or whenever they need it. In an age of information this big businessman not be a wise idea. People are purchase information on margin. They buy easy interfaces like Turbo Tax and Windows 98 that come to a computer user with al close to no skill. The da ta is invested by these Computer Dummies. It is the assumption that the data willing be safe that will hurt computer users worldwide. It will happen sooner or posterior which is what people in 1929 knew ab go forth the stock-market crash.Many believe the most synthetic date for this data crash is January 1st, 2000. Many know about it and the accomplishable infections the Year 2000 bug could cause to our every day life. Little is organism done to solve this problem, considering its monstrosity. One might believe that in the year 2000 havoc will be spread and a depression will occur because of this glitch. Another theory is that we will eventually run out of places to store data. Another date for an eventual breakdown would be February 29th, 2000 because most century years are not leap years. Many people have created ways to save the stock market and banks from another pecuniary breakdown, however computer programmers have not invented a way to check a massive data breakdown. Th e biggest problem is that the breakdown wont occur over a few days, like the Black Thursday through Black Tuesday did, it will occur over seconds.On Black Thursday 12,894,650 shares of stock were sold. On Monday Oct. 28th , 1929 9,250,000 shares were sold. On Black Tuesday 16,410,030 shares were sold. These three days added up to over $26 billion dollars of damage to the economy, and by the end of the month $100 billion dollars.