martaveusjackson martaveusjackson
  • 21-08-2021
  • Social Studies
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As a result of the US stock market "crash", what happened to the economy? How did the affect the citizens of the time?

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Liajayyy
Liajayyy Liajayyy
  • 21-08-2021
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. I got this from: www.history.com/.amp/topics/great-depression/1929-stock-market-crash Hopefully this helps!
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