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The 1987 Mistake That Still Runs Wall Street
One forgotten crash still decides how markets work today.
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A few minutes
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In this reel
One forgotten crash still decides how markets work today.
Transcript
In nineteen eighty-seven, one flawed formula crashed the stock market. Machines kept selling automatically, and no one could pull the plug. So regulators built circuit breakers, forcing markets to pause and breathe. That's why today, computers still wait for a human's approval.