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Many banks were closed.

The country entered into a depression.

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Nova Bernier

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3y ago

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What was a long term effect of the stock market crash?

The long term effect of the Stock Market crash was followed by the Great Depression.


What was a long-term effect of the stock -market crash?

Many banks were closed. The country entered into a depression.


What was a long term of the stock market crash?

Many banks closed.


Not long after Black Tuesday the stockmarket crash was affecting?

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.


How long did the stock market crash of 1929 take place?

2 decades


What was the long term affect of the stock market crash?

the country entered into a depression


What was a long term affect of the stock market crash?

Many banks were closed


What was the long term effect on the stock market crash on banks?

The long-term effect of the stock market crash of 1929 on banks was profound and led to increased regulation and oversight. Many banks failed due to their exposure to the stock market and poor risk management practices, resulting in a loss of public confidence. This crisis prompted the establishment of the Federal Deposit Insurance Corporation (FDIC) in 1933, which aimed to protect depositors and stabilize the banking system. Overall, the crash led to a more regulated banking environment to prevent future financial disasters.


What was a long term effect of the stock market?

Many banks closed (apex)


How long did it take for the stock market to recover after 1929?

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.


Not long after black Tuesday the stock market crash was affecting?

c. millions of Americans, many of whom had never owned stocks.


How long did it take the stock market to recover after the 2008 crash?

The stock market began to recover gradually after the 2008 financial crisis, with significant gains starting in March 2009. It took roughly four to five years for major indices, like the S&P 500, to return to their pre-crisis highs, which were reached in 2007. By 2013, the market had fully recovered, marking a long bull market that continued for several years thereafter.