The 1987 crash’s limited aftermath caused its systemic threat to be forgotten.

Evidence

The crisis was not over. By lunchtime on Tuesday, the New York Stock Exchange was on the brink of closing, as trading in even the most “blue chip” of corporations could not be begun or continued. But the NYSE, the Chicago Mercantile Exchange, and the U.S. financial system survived. Because the wider economic effects of the October 1987 crash were remarkably limited (it did not spark the prolonged depression Melamed and others feared), the threat it posed to the financial system has largely been forgotten by those who did not experience it firsthand. — Donald MacKenzie, An Engine, Not a Camera, 28

Categorization

• XREF: connects to: The 1987 crash’s real effects persisted beneath an outwardly limited economic surface — Donald MacKenzie, An Engine, Not a Camera: How Financial…, 894; Sometimes the panic passes over and is forgotten, except in folklore and collective memory; at other times it has more serious and long-lasting repercussions. — Moral Panic - an overview | ScienceDirect Topics

Broader Connections

• The 1987 crash’s real effects persisted beneath an outwardly limited economic surface #contradicts (0.80) — Donald MacKenzie, An Engine, Not a Camera, 894