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Practically all Western countries, including those of South America were directly affected. Not so much because of Stock Market losses (outside of the US, playing the market was a game for only the more adventurously minded elite) but the resulting economic crisis led many countries to adopt protective measures for their domestic markets. It apparently dawned on nobody at the time that if every country did this, worldwide trade would more or less come to a standstill. And so it did, which caused often massive unemployment in all the countries concerned, which caused an enormous collapse in wage income and therefore, in customer demand; which in turn led to bankruptcies of shops and of the small to medium-sized businesses that supplied them; which led to even more unemployment, and so on.
Third World countries usually escaped the consequences of the trade collapse. Most of their exports went to their mother country and trade with the colonies usually fell under the 'protected home trade'.
What else can I help you with?
What happened to the satellite countries after the USSR collapsed?
After the collapse of the USSR, the satellite countries became independent nations. Many of them transitioned to democracy and market economies, while others faced challenges in establishing stable governments and managing economic reforms. Some countries joined the European Union or NATO to strengthen their security and economy.
How many countries in the world are democracies?
Canada, the U.S, Australia and many African countries are democracys. There are many many countries with Democratic Regimes , almost 100 I'd say. Check the Link
How many countries is SVP in?
SVP is currently in 17 countries.
How many countries have a pledge of allegiance?
Approximately 30 countries around the world have a pledge of allegiance.
Which countries pledge allegiance to a flag as a symbol of their national unity and identity?
Many countries around the world pledge allegiance to a flag as a symbol of their national unity and identity. This practice is common in countries like the United States, Canada, Australia, and many others.
What was a long term effect of the stock market crash?
The long term effect of the Stock Market crash was followed by the Great Depression.
What was a long term effect of the stock market?
Many banks closed (apex)
What was the effect of the stock market crash?
The biggest effect was that, the whole economy of USA and many other countries were sent into a recession. People lost their jobs, banks closed, businesses went bankrupt etc. Everyone lost money
What was long term effect of stock market crash?
Many banks were closed. The country entered into a depression.
What was a long-term effect of the stock -market crash?
Many banks were closed. The country entered into a depression.
How many stock crashes were there?
There were about 30 Stock Market crashes in history.
Where can one look for stock market predictions?
There are many places where one can look for stock market predicitons. There is a software called "gmdshell" and in the software one can look for stock market predictions.
How does purchasing commodity stock help the market?
There are many ways that purchasing commodity stock helps the market. Purchasing commodity stock helps the market because it keeps the stock market growing and alive.
What are some companies that are on the stock market?
most of the companies are in the stock market. here are some that are Walmart, Dollartree and many more
Where can you find virtual stock market games?
There are many virtual stock market websites provide free market games for new stockers. I played virtual stock market game on marketwatc, which help me very much in my first stage stock life.
What was the of the stock market crash?
There have been many stock market crashes. A stock market crash is a steep decline is the value of the main index of the stock market, definitely more than 10% and usually more than 20% in the space of a few days.
Most stock holders who made money on the stock market .?
There are many people who are successful with trading stock market, some of them are :- George Soros Paul Tudor Jones Richard Dennis John Paulson Nick Leeson and many more : )
