the country entered into a depression
If you are referring to the stock market crash of 1929, that was the beginning of the Great Depression.
The stock market crash of 1929 severely impacted businesses by leading to a drastic decline in consumer confidence and spending. Many companies faced plummeting profits, leading to layoffs and closures, while access to credit became restricted, hindering operations and expansion. Additionally, the crash resulted in a general economic downturn, contributing to the Great Depression, which further exacerbated challenges for businesses across various sectors. Overall, the crash created a ripple effect that destabilized the entire economy.
true
in the billions
the country entered into a depression
Many banks were closed
Yes
oh dude you spelled stock wrong hahaha
Stock Market Crash
(apex) black tuesday
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
The country entered a depression as the result of the stock market crash.
The Stock Market Crash happened in 1929 on Black Tuesday.
If you are referring to the stock market crash of 1929, that was the beginning of the Great Depression.
AD is reduced and so is GDP
People lost money and went into debt.