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
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 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.