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The company where they worked, or sold their things to, closed down. They had no job, or had no customer. Their bank where they had a savings account closed down, and they had no money. The stock market crash affected people OTHER than those that bought and sold stocks.
Wiki User
∙ 6y ago
Wiki User
∙ 6y agolocal note was traded. Day to day trading or call point to point trading pushes the 'key index up' lookout by Investors for a support level. A level after where prices do not ordinarily fall.
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What happened to many of the poor after the the stock market crashed?
If they worked for the rich, they might have lost their job. But then again, many people lost their jobs.
What happened to banks during the stock market crash?
They folded, closed, and crashed. People lost millions of dollars and were left without money.
What is the significance of the year 1929 to the stock market?
The 1929 stock market crashed. Up till them America was called it was in its roaring 20s. But in September 1929, the Stock Market crashed leaving people with no jobs. It was a complete recession.
What kind of panic was there when the market crashed per president hoover?
the people would'nt have food
What ended the bull market in 1929?
The depression ended it in October of 1929. The stock market crashed, banks failed, and people were out of work.
What happened to stock prices before the late 1920's?
The stock market prices crashed after people kept trading things that they couldn't afford anymore, and others lost jobs and went out of business.
What economic disaster happened in the 1920's?
The stock market crashed in 1929 which was a cause of the Great Depression.
How did the stock market cause the depression?
It caused the depression because Calvin Coolidge raised the market and people thought they could take alt of it so it crashed
How did the stock market impacted the people in 1929?
Many people thought putting investments in the stock market was a good way to gain money. It was a first, until the stock market crashed and many people lost the money they invested, their jobs, homes, and families.
What happened on novemeber 12 2001?
A plane crashed in a queens neighborhood causing 265 people to lose there lives
The cause and effect of the great deppression?
The stock market crashed and people ran out of money wich coused the country to go into debt
Why did many banks fail after the stocl market crashed?
People that had borrowed money from the banks couldn't pay it back. By: Rana 3abed
