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 …
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…The reason for the huge intensity is because the data crash will be worldwide instead of in just one country.
Business now is international and even a crash in another country hurts the U.S. Imagine the scale of damage when all the countries crash. So while business might be conducted in completely different ways now than it did in 1929 the same sorts of catastrophes will still occur faster and larger than they did before.
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