the country entered into a depression
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.
A long-term effect of the stock market crash of 1929 was the establishment of stricter regulations on the financial industry, including the creation of the Securities and Exchange Commission (SEC) in 1934 to oversee and regulate the securities markets. This led to increased transparency and accountability for publicly traded companies, helping to restore investor confidence over time. Additionally, the crash contributed to a prolonged period of economic hardship known as the Great Depression, which reshaped economic policies and the role of government in the economy.
Hold means you buy stock and keep it a long time.
You can buy back a stock after selling it at any time, as long as the stock is available for purchase on the market.
Many banks closed (apex)
Many banks were closed
Many banks closed.
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.
2 decades
The long term effect of the Stock Market crash was followed by the Great Depression.
Many banks were closed. The country entered into a depression.
Many banks were closed. The country entered into a depression.
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.
c. millions of Americans, many of whom had never owned stocks.
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.
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.
The Great Depression lasted roughly ten years. It began with the stock market crash in October 1929 and ended in 1939.