for the most they went on living the
way when the stock marketcrashed
and waited for somethings to change
On October 29, 1929, Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression (1929-39), the deepest and longest-lasting economic downturn in the history of the Western industrialized world up to that time.
The Stock Market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America's banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce. The U.S. economy would not fully turn around until after 1939, when World War II (1939-45) revitalized American industry.
Prior to the crash, unemployment was about 5%. After the crash, many businesses closed, or had to scale back staff. Unemployment climbed to around 21%, with millions of people out of work.
there was a car crash on wall street
idkk
Economy prices
He introduced the New Deal
The money from the government had dramatically decreased
The economy wasn't as bad as it was in the 1920's during the stock market crash.
It collapsed as frightened depositors raced to withdraw their money. ~Novanet :)
It collapsed as frightened depositors raced to withdraw their money.
Not until the very end; the stock market crash happened in 1929, starting the Great Depression.
during a stock market crash shares of businesses fall due to fear of them becoming worthless. this then leads to businesses not improving as there stock is worth nothing and this then forces the businesses to take out bank loans which they cannot afford to repay due to the economy crashing and money becoming worthless due to hyperinflation
it sucked because the stock market crash and money was low
The Great Crash signaled a severe contraction of the economy.
Stock market movement is the measure of public (investor and traders) sentiments. The stock market moves with the economic forecast in future which may nor may not turned out to be true.
Stock Market Crash