Question

Question 19 25

What was a long-term effect of the stock market crash?
OA. Banks made more loans.
B. People had more to spend.
C. People had more than one job.
D. Many banks were closed.

Answer 1

Many banks were closed as a long-term effect of the stock market crash.

Step-by-step explanation:

A long-term effect of the stock market crash was that many banks were closed. This was because of the high number of bank failures during the Great Depression, which followed the crash. Banks lost a significant amount of money due to the stock market crash and were unable to meet the demands of their depositors, resulting in closures.

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