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the country entered into a depression
If you are referring to the stock market crash of 1929, that was the beginning of the Great Depression.
true
in the billions
October 29, 1929
the country entered into a depression
Many banks were closed
Yes
oh dude you spelled stock wrong hahaha
during a stock market crash shares of businesses fall due to fear of them becoming worthless. this then leads to businesses not improving as there stock is worth nothing and this then forces the businesses to take out bank loans which they cannot afford to repay due to the economy crashing and money becoming worthless due to hyperinflation
Stock Market Crash
(apex) black tuesday
The country entered a depression as the result of the stock market crash.
The Stock Market Crash happened in 1929 on Black Tuesday.
If you are referring to the stock market crash of 1929, that was the beginning of the Great Depression.
AD is reduced and so is GDP
People lost money and went into debt.