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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

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How does a stock market crash impact the overall economy?

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.


What was the long term affect of the stock market crash?

the country entered into a depression


What was a long term affect of the stock market crash?

Many banks were closed


Did the crash of the us stock market affect Germany and other European countries?

Yes


Does the stack market crash affect banking?

oh dude you spelled stock wrong hahaha


How would you describe the stock market crash?

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.


How would a stock market crash affect aggregate demand and GDP?

AD is reduced and so is GDP


How did the stock market crash affect people who owned stocks.?

People lost money and went into debt.


What happened in America 1929?

1929 is most remembered for the stock market crash signalling the start of the great depression.


What did the post economic boom in America lead to?

Booms usually lead to a Stock Market Crash over time.


After the stock market crash what happend to America's banking sector?

It collapsed as frightened depositors raced to withdraw their money. ~Novanet :)


How did the stock market crash affect Germany and other European nations?

because american investors who were loaning to germany began pulling money out of germany and to invest in the stock market