How did the crash of the stock market affect America overall?

Answer 1

It affected the monetary status of people across all income levels. Many investors had invested huge amounts of money in the stock market owing to the bull run in the year 2007. when the markets crashed in 2008 they lost more than 50% of their investments or more which essentially burnt a big hole in all their pockets. not

Answer 2

When there is a Stock Market crash, many people who have invested in stock will have less money, and many businesses will also have less money because they will not be able to raise very much capital by selling their stock. And when people or businesses have less money they spend less money, and the lack of spending affects all businesses, even those that are not directly affected by the fall in stock prices. Less spending means less business. And less business means that people will be laid off. And people who are laid off will have even less money, and therefore will do even less spending. You see how that works?

Answer 3

Some examples here:

Unemployment rates increases by 25%

Loss of homes.

Small family businesses closed due to lack of consumer spending.

Taxes increased by 50%

Money supply decreased by 31%

Answer 4

Well it lost jobs and created the great depression.

Answer 5

people acted sad because they lost there jobs