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
Booms usually lead to a Stock Market Crash over time.
Stock Market Crash
(apex) black tuesday
The term "stock market crash" means the prices dropped so low and so quickly, they were basically worthless. The crash caused panic among investors. The market didn't physically crash into anything.
The 1929 market crash affected every state, including Georgia. Georgia had it especially rough since its cotton fields were also plagued by the boll weaver bug which caused cotton production to fall and prices to decline.
A stock market crash can have a significant impact on the overall economy by causing a decrease in consumer and business confidence, leading to reduced spending and investment. This can result in job losses, decreased economic growth, and potentially trigger a recession. Additionally, a stock market crash can also affect the financial stability of banks and other financial institutions, further exacerbating the economic downturn.
the country entered into a depression
Many banks were closed
Yes
oh dude you spelled stock wrong hahaha
When the stock market crashed many Americans faced problems. Problems such as homeless, being poor, jobless, ect. The crash was indeed very bad for America.
AD is reduced and so is GDP
People lost money and went into debt.
1929 is most remembered for the stock market crash signalling the start of the great depression.
Booms usually lead to a Stock Market Crash over time.
It collapsed as frightened depositors raced to withdraw their money. ~Novanet :)
because american investors who were loaning to germany began pulling money out of germany and to invest in the stock market