Question

The stock market experienced a huge crash in a single day but the effected lasted for years. Describe how the stock market crash of 1992 affected people all over the country.

Answer 1

Answer:

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. ... Business houses closed their doors, factories shut down and banks failed. Farm income fell some 50 percent

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