What happened when the stock market crashed in october of 1929

what happened when the stock market crashed in October of 1929

Explanation:

The Great Depression, also known as the Crisis of 29, was a global economic crisis.

The depression had devastating effects in almost all countries, rich and poor, where insecurity and misery were transmitted as an epidemic, so that they fell: national income, tax revenues, business profits and prices.

International trade decreased. Unemployment increased. Cities around the world were severely affected, especially those that depended on heavy industry, and the construction industry. Agriculture and rural areas suffered a fall in crop prices, and in the face of falling demand, the areas that were dependent on primary sector industries, with few alternative sources of employment, were the most affected.

the completion of the erie canal spurred the first great westward movement of american settlers, gave access to the rich land and resources west of the appalachians and made new york the preeminent commercial city in the united states.

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