Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why did the stockmarket crash of 1929 effect the lives of people who didn own stocks?

April 26, 2017crash Education help homework Lives people Reference stockmarket

0

Posted

Why did the stockmarket crash of 1929 effect the lives of people who didn own stocks?

1 Answer

0

Posted

The boss lost stock…….so the employees who worked for him/her were severelly affected. The rich people became poor and it passed down the line. If you have a big financial setback as an employer, the first area you are going to cut back on is the employees – thus they were affected.