People lost money and went into debt.
The current US Subprime economic crisis caused the stock market crash in 2008 Due to lack of liquidy people started selling off their stocks to make cash. This caused a massive selling of stocks which in turn made the market crash
people overspeculating on stocks, using borrowed money that they couldn't repay
It can crash if people sell there stocks and yous to much credit and stop buying stock.
People bought stocks on margin. Wages dropped for most workers The housing market declined.
people overspeculating on stocks, using borrowed money that they couldn't repay
A declining real estate market.
people overspeculating on stocks, using borrowed money that they couldn't repay, good lucky in studyisland =^)
No. You will not lose your stocks. You'll still be owning your stocks but the value of the stocks would have fallen heavily during a market crash. For ex: if you own 100 shares of X company that is worth $10 per share then your net worth is $1000. When the market crashes your stocks value might fall to $5. You will still own 100 shares but it will be worth only $500
The stock market crash of 1929. novanet - stock prices crashed when millions of shares of stocks were sold
people overspeculating on stocks, using borrowed money that they couldn't repay
the country entered into a depression
Many banks were closed