The long term effect of the Stock Market crash was followed by the Great Depression.
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.
The Great Depression lasted roughly ten years. It began with the stock market crash in October 1929 and ended in 1939.
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.
But in my honest opinion I believe the market will always have to fluctuate upwards.
Most people think that the Stock Market Crash of 1929 triggered The Great Depression. Many other factors contributed to triggering The Great Depression, including drought, Europe's slow recovery from World War I, reduction in purchasing, and more.
Many banks were closed. The country entered into a depression.
Many banks were closed. The country entered into a depression.
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 country entered into a depression
Many banks were closed
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.
Many banks closed (apex)
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 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.