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Why were many brokers financially ruined by the stock market crash?

Anonymous

∙ 7y ago

Updated: 10/16/2024

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Q: Why were many brokers financially ruined by the stock market crash?

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Continue Learning about Finance

Did The stock market crash only affected stockholders and brokers?

Nein

What is the stock market crash seen as the beginning of?

If you are referring to the stock market crash of 1929, that was the beginning of the Great Depression.

Losses after the stock market crash were believed to be in the?

in the billions

In what year did the stock market crash?

If you're referring to the crash that spawned the Great Depression, it was 1929.

What date did the stock market crash?

October 29, 1929

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Related Questions

Did The stock market crash only affected stockholders and brokers?

Nein

Who was a comic star who was wiped out financially by the stock market crash?

His name is Groucho Marx

Who was a comic star that got wiped out financially by the stock market crash?

His name is Groucho Marx

What companies went under due to the stock market crash 1929?

In 1929 a terrible thing happened. A stock market crash occurred, leaving millions of consumers and stock brokers in debt. At&T went down as well as the Dow Jones.

What is the nickname brokers use for down market?

They call it a bear market or a choppy market. In such a market the index does not go up much and remains either range bound or keeps falling. A continuous and severe fall in index is called a stock market crash

What is the difference between the wall street crash and the great depression?

The Stock Market Crash of 1929 did not cause the Great Depression, it just signaled the start of the Depression. The Stock Market had continued to climb during the Twenties, but the economic problems that accumulated over the decade and were not recognized by the majority of economist and stock brokers, eventually caused the price of stocks and the confidence in the economy to crash.

What event was the catalyst of the Great Depression?

Stock Market Crash

What event is often considered to be the starting point of the great depression?

(apex) black tuesday

In 1929 what did the stock market crash into?

The term "stock market crash" means the prices dropped so low and so quickly, they were basically worthless. The crash caused panic among investors. The market didn't physically crash into anything.

What was a result of the stock market crash farmers problems and the overuse of credit?

The country entered a depression as the result of the stock market crash.

Did the stock market crash happen in the 20th century?

The Stock Market Crash happened in 1929 on Black Tuesday.

What is the stock market crash seen as the beginning of?

If you are referring to the stock market crash of 1929, that was the beginning of the Great Depression.

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