Were there long term effects of the stock market 1929 crash?
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.
New Government Programs CreatedAfter the stock market crash of 1929, the government took several measures to prevent a similar crash from occurring. The Securities and Exchange Commission (SEC) was created on October 1, 1934 to regulate stocks, bonds, and other commissions. The Federal Deposit Insurance Corporation (FDIC) was also created to insure consumers’ deposits in FDIC-enrolled financial institutions.
The Federal Crop Insurance Corporation (FCIC) was created to insure crops planted by farmers. These are a few of the government-created agencies that have been put in place to prevent another stock market crash of the magnitude of the stock market crash in 1929. Sources: NYTimes.com, OhioHistoryCentral.org, PBS.org, SparkNotes.com: The Great Depression (1920-1940).
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.
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