A very long time. It took years, I believe, until after World War II began and perhaps even after it ended for the Stock Market to recover the level it has before the crash of 1929.
Bull market
Many banks closed.
Many banks were closed
Many banks were closed. The country entered into a depression.
Many banks were closed. The country entered into a depression.
2 decades
Not long after black Tuesday the stock market crash was affecting millions of people who lived in the United States, many of whom had never owned any stock. Black Tuesday was the stock market crash of October 29, 1929.
The Great Depression lasted roughly ten years. It began with the stock market crash in October 1929 and ended in 1939.
It is possible for the stock market to crash when a large cross-section of businesses fail or due to panic and fear affecting trading. However, most stocks recover value again over time so unless you need to cash out your stocks in the near future, they are still a good long-term investment. To protect your investments, keep a diversified portfolio without too much invested in any one single stock.
There were many devastating longer term effects of the stock market crash in 1929. The most memorable was the Great Depression which resulted in the majority of Americans being displaced from their homes due to lack of employment and an economical fallout.
But in my honest opinion I believe the market will always have to fluctuate upwards.
Bull market
Hold means you buy stock and keep it a long time.
Many banks closed.
The Great Depression lasted so long primarily due to a combination of factors, including the stock market crash of 1929, weaknesses in the banking system, reduced consumer spending, and high unemployment rates. These economic challenges were exacerbated by the global nature of the depression and policy mistakes made by governments around the world. It took time for economies to recover and for policies such as the New Deal in the United States to have an impact.
the country entered into a depression
about 5 years