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The causes and effects of the stock crashes

ut common lives. Severe damages to precious lives. People have committed suicide. The unemployment rate had gone up. In Shah 61929, following the nightmare crash, there was widespread hunger all around. People had lost their savings and jobs. Poverty level has gone up due to unemployment. People started looting each other to feed their family or to get food for them selves. Crime rate has tripled then the before. People jumped from buildings to death. That was the Great Depression. World wide economic crisis has been raised following the New York Stock market crash in 1929. The stock market crash symbolizes the superficiality and greed of industrialization. It is caused by the thousands of people and it does affect millions of people. The crash teaches people to stop taking great risks and living carefree lives and be more responsible. The crashes break the nerves of economy and the nation. Following crash nation may lose all its economical growth and financial stability. So, Stock market crash is as danger as one might not think. Crash can be deadly like other disaster. It damages economy, thousands of lives and the it does affect psychologically. Shah 7 ...

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