Banks did not close after the Stock Market crash. The stock market crash was induced by the closure/failure of Banks.
Many banks closed.
The long term effect of the Stock Market crash was followed by the Great Depression.
Many banks were closed
Many banks were closed. The country entered into a depression.
Many banks were closed. The country entered into a depression.
The stock market crashed, banks closed, and millions lost everything they had in the crash.
after the crash, frightened depositors withdrew their money and banks failed. Companies fired worker and closed factories.--novanet
after the crash, frightened depositors withdrew their money and banks failed. Companies fired worker and closed factories.--novanet
They folded, closed, and crashed. People lost millions of dollars and were left without money.
Banks were one of the first institutions to feel the effects of the Stock Market crash because people feared for their money and rushed to withdraw their savings.
Banks were one of the first institutions to feel the effects of the Stock Market crash because people feared for their money and rushed to withdraw their savings.
There were many devastating longer term effects of the stock market crash in 1929. The most memorable was the Great Depression which resulted in the majority of Americans being displaced from their homes due to lack of employment and an economical fallout.