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Why ans how did the stock market destroy the lives of many people in october 1929?
Wiki User
∙ 11y ago
It was during this time period that the stock market crashed, causing many people who had invested in the Stock Market to lose a lot of money.
For example, say you bought 2,000 shares of a stock back then for $2.00 a share (figuratively). You have invested $4,000 in the stock of this company. When the stock market crashed, the price of this stock dropped to $.05 a share, but you still have 2,000 shares of it. What was worth $4,000 days ago is now worth $100, causing you to lose $3,900 in a matter of a few days.
Wiki User
∙ 11y ago
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