This paper explores archives and sources that explain the causes and effects of the stock market crash of 1987. The economic downturn in 1987 was a major systematic shock. This is because it was caused by financially unprepared Americans who overspent money, and others who feared of another economic downturn. The way Americans dealt with economic downturns severely impacted the economic status such as not willing to step back into the financial game. The downturn of 1987 was a significant event not only because of its severity, but it also showed weaknesses of American’s actions. The greed of Wall Street and government spendings were uncontrollable. However, saving money and allowing the economy to steadily stabilize helped positively affect
