Your question: What were some of the effects of the stock market crash in October 1929 quizlet?

What were some of the effects of the stock market crash in October 1929? many banks closed, the economy plunged into a tailspin, millions of workers lost their jobs. How were shantytowns, soup kitchens, and bread lines a response to the Depression?

What were some of the effects of the stock market crash of October 1929?

The stock market crash crippled the American economy because not only had individual investors put their money into stocks, so did businesses. When the stock market crashed, businesses lost their money. Consumers also lost their money because many banks had invested their money without their permission or knowledge.

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What were some of the effects of the stock market crash of 1929 quizlet?

Investors were ruined – they lost all their money and were deep in debt. Banks were ruined – investors couldn’t pay back their loans so banks couldn’t pay back people’s savings accounts. You just studied 4 terms!

What happened when the stock market crash in October 1929 quizlet?

The stock market crash of October 1929 brought the economic prosperity of the 1920s to a symbolic end. The Great Depression was a worldwide economic crisis that in the United States was marked by widespread unemployment, near halts in industrial production and construction, and an 89 percent decline in stock prices.

What did happen as a result of the stock market crash quizlet?

What happened as a result of the stock market crash? Was it big enough to cause the Great Depression? Considerable wealth was destroyed, people began to have doubts about the health of the economy, and consumers and firms cut back on their spending. It was not big enough to cause the Great Depression.

What were the effects of the stock market crash?

The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America’s banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce.

What happens when stock market crashes?

Stock market crashes wipe out equity-investment values and are most harmful to those who rely on investment returns for retirement. Although the collapse of equity prices can occur over a day or a year, crashes are often followed by a recession or depression.

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How did the stock market crash help cause the Great Depression quizlet?

October 29, 1929; the day the stock market crashed. It is a cause of the Great Depression because it is what made everyone lose there money. Increased productivity increases jobs for others and trickles down to lower class people.

How did the stock market crash lead to the Great Depression quizlet?

How did the stock market crash contribute to the onset of the depression? it caused people to lose all of the money in stocks and run to banks and get their hard money which caused bank runs and caused banks to close.

What factors caused the stock market crash quizlet?

Terms in this set (7)

  • Uneven Distribution of Wealth. …
  • People were buying less. …
  • overproduction of goods and agriculture. …
  • Massive Speculation Based on Ignorance. …
  • Many stocks were bought on margin. …
  • Market Manipulation by a Small Group of Investors. …
  • Very Little Government Regulation.

What was the outcome of the stock market crash of October 1929 answer choices?

Prices plummeted throughout the day, eventually leading to a complete stock market crash. The financial outcome of the crash was devastating. Between September 1 and November 30, 1929, the stock market lost over one-half its value, dropping from $64 billion to approximately $30 billion.

What happened during the stock market crash in 1929?

On October 29, 1929, “Black Tuesday” hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. The next day, the panic selling reached its peak with some stocks having no buyers at any price.

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Was the 1929 stock market crash the cause of the depression Why or why not quizlet?

The crash did not cause the depression; it triggered it; Businesses would have been able to survive if not for the underlying weaknesses in the economy. The crash had these effects: Shattered business confidence, Ruined many investors, Damaged public morale. The US already had many weaknesses before the crash.

What effect did the stock market crash of 1929 have on the Great Depression quizlet?

The stock market crash of October 1929 brought the economic prosperity of the 1920s to a symbolic end. The Great Depression was a worldwide economic crisis that in the United States was marked by widespread unemployment, near halts in industrial production and construction, and an 89 percent decline in stock prices.