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.
Yes. The stock market crash did not cause the depression. Instead the economic crisis and the depression caused the stock market crash
A stock market crash is a sudden dramatic decline of stock prices across a significant cross section of a stock market, which results in a significant loss of wealth. Crashes are driven as much by panic as other underlying features.
Though there were smaller underlying causes, the big crash would be the Stock Market crash of 1929.
AD is reduced and so is GDP
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There were many economic causes of the Stock Market Crash of 1929. Over speculation in the market was not regulated by the government. Some businesses were over-rated in value so that stock prices would rise. Many Americans purchased stock on credit. This was known as margin buying. Consumers often did not have the cash on hand when stock brokers called in the "loan." Banks were permitted to speculate in land and the stock market with little government regulations. High tariffs and war debts helped spread the economic depression world wide. The Stock Market Crash of 1929, while not the cause of the Great Depression, signaled the beginning of the Great Depression.
The NASDAQ is a stock exchange.It would be like NASDAQ is to Stock Exchange as Yankees is to Baseball Team.The term STOCK MARKET generally is used to describe a group of exchanges, but that is a loose usage.For example, a friend my say, "I work on the Stock Market" or "At the Stock Market", but saying I work on the NASDAQ gives you more specific info on exactly what exchange on the Stock Market.
they feared that when the stock marketcrashed their money that had been invested by the the banks in the stock market would also disappear as a result of the stock market crash in October 29 1929 also known as black Tuesday.
Very good question. I am not sure if the market will crash or not, but I am for sure that the economy is in alot worse situation than most of us know. I would say the probability is certainly very high that a crash will occur. However, I am not sure if it will be in 2009 or 2010. Only time will tell.
The crash ironically was solved by World War II. In retrospect if WWII wornt to happen many international powers would sink in to a longer and deeper depression as one they where already in.
Yes. the stock market crisis has a page on wikipedia, which is a very good site. I use it regularly for all sort of reasons. I would recommend looking up everything on there.
The repercussion of the 1929 stock market crash were felt all over the world.