The invention provides a shale crushing experimental device capable of considering drill string dynamic vibration and an experimental method. The device comprises a one-layer plate, a drilling pressure detection device, a two-layer plate, a plane thrust ball bearing, a three-layer plate, a clamping device, a torque detection device, a displacement detection device, a data acquisition system, a drill string and a drill bit. The shale crushing experimental device is characterized in that a cantilever beam pressure sensor is mounted in a center position between the one-layer plate and the two-layer plate, the three-layer plate can freely rotate through the plane thrust ball bearing between the two-layer plate and the three-layer plate, and the torque of the drill string acts on the cantilever beam pressure sensor fixed on the one-layer plate through the rotation of the three-layer plate; a displacement sensor pull rod is connected with a plastic circular ring, a rolling bearing is stuck into the plastic circular ring, and a T-shaped steel tube stuck into the rolling bearing is connected with the drill string to measure the displacement of the drill string. With the adoption of the device and the method, the influence of dynamic vibration, drilling pressure, drilling footage and the torque of the drill string on shale crushing can be determined; an experimental basis is provided for anisotropic shale optimization drilling.