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Y2k Vs. Stock Market Crash - Essays Online

Y2k Vs. Stock Market Crash

The stock market crash of 1929 and the year 2000 bug are very similar. Black Thursday was not one of the brightest days in American History. This day was the cause of a nation downward spiral that closed 4000 banks, starting the great depression, and leading to stock 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 people who didn’t have the resources, investing from credit to buy into the short-lived age of wealth. Many people now are investing data in computers that is irreplaceable. They leave the data there assuming it will be there the next day or whenever they need it. ...

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crash is January 1st, 2000. Many know about it and the possible “infections” the Year 2000 bug could cause to our every day life. Little is being done to solve this problem, considering it’s 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 financial breakdown, however computer programmers have not invented a way to stop a massive data breakdown. The biggest problem is that the breakdown won’t 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 ...

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Y2k Vs. Stock Market Crash. (2008, March 4). Retrieved November 23, 2024, from http://www.essayworld.com/essays/Y2k-Vs-Stock-Market-Crash/79992

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PAPER DETAILS

Added: 3/4/2008 07:02:11 AM
Category: Miscellaneous
Type: Free Paper
Words: 490
Pages: 2

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