Because of the 1987 market collapse, the SEC put circuit breakers into effect.

Name: Because of the 1987 market collapse, the SEC put circuit breakers into effect.
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The 22% decline in the market on October 19, 1987, encouraged the SEC to institute circuit breakers to prevent a catastrophic market collapse due to program trading, as was thought by some to be the reason for the 1987 market fall.

Because of the 1987 Market Collapse, the SEC Put Circuit