What is a resulting condition of the stock market crash?

Answer 1

The Stock Market Crash of 1929 did not cause the Great Depression but was the result of the weaknesses in the economy that had been growing all during the decade of the 20s and the mania for speculation on the Stock Market. Middle class families lost their savings. Bankers and other companies that speculated on the Market went broke. The closing of banks had an impact on the people who had placed their savings in the banks and lost just about everything. Corporations and businesses shut down causing more unemployment. People who had taken out mortgages during the 20s now found themselves unable to make the payments. Houses were forclosed upon. Everyone had to cut consumption which further weakened the economy, as business and industry found themselves stuck with inventory no one could afford to buy. Jobs were scarce and many men simply turned to begging or "rode the rails" looking for work. Unemployment continued to soar during the 1930s.

Answer 2

The Stock Market Crash on Black Tuesday in 1929 led to the United States falling into the Great Depression.This happened because so many people were borrowing money from all of the banks and buying up all the stock and when the stock market crashed all those people that borrowed money from the banks couldn't pay it back. When banks lend money they are actually lending other people your money and charge interest, that is how you gain a little bit of money over time while it is in the bank, therefore, all those people that couldn't pay the money back made the bank run out of money, so the bank couldn't give people their money back and no one could get any money from the banks even if it was theirs because the banks had lent it all out.

Answer 3

Banks closed, most people lost all of their money, many were starving and couldn't afford food.
Banks often closed.

The country entered into a depression.

Answer 4

Some people ( short sellers ) make money and some ( buyers ) lose it. The speed at which money is made or lost is at its peak during the crash.

Answer 5

at the end of the stock marketday on thurs. oct,24 the market was at a selling panic attack. the profit flew down and that was the result of the stock market crash

Answer 6

Everybody - some positively and some negatively.

Answer 7

explain how a bull market weakened the economy and caused the stock market to crash

Answer 8

the Great Depression