Which one?
The 1929 one resulted in the great depression in the US, lasting until '34 and causing unemployment of around 25% and having negative worldwide effects. Its longer term effects include helping Hitler's rise to power by enhancing his status as a beacon of hope for Germany. the fiscal and monetary responses to crises such as those has been influenced considerably.
The recent debacle (2008- ) is even still to recent to decipher in terms of its long term effects, however the balance of wealth is now shifting even faster to the developing economies such as china, India and Brazil. as for the other effects, we'll find out sooner or later...
1929
October 29 1929 was the date in US Wall Street Stock Market crashed.
The Wall Street crash.
The Wall Street Crash of 1929 affected Australia primarily due to its reliance on exports, particularly agricultural products and raw materials. As global demand plummeted, Australian exports suffered, leading to a significant decline in income and economic activity. Additionally, the crash caused a loss of investor confidence, resulting in reduced foreign investment and increased unemployment, which deepened the economic downturn in Australia during the Great Depression.
hello
what about it
the wall street crash by any chance?
1929
october, 1929
October 1929
1929
Thursday, October 24, 1929.
Within a short amount of time 100,000 companies were forced to shut down due to the wall street crash in 1929.
thursday
it's the wall street crash
1929
the wall street crash, which was the misuse of the stock market that caused the world to suffer.