If the stock market crashed tomorrow how would it affect us. And how do the dips that have been occurring recently affect us? I mean the lay person in the street.
2007-08-21 11:10:36 · 5 answers · asked by Andrew B 2 in Social Science ➔ Economics
Just do some research about the crash of '29 and see what it did to this country, plus all the other countries. Once big business is in trouble, the whole country, and eventually, the world, follows. When businesses fail, everyone is affected. <*)))><
2007-08-21 11:13:58 · answer #1 · answered by Sandylynn 6 · 0⤊ 0⤋
The stock market is more of a predictor of economic trouble than a cause and it can be counted up on to over react, both on the up and the down side.. Investors are constantly on the look out for problems that could cause profits to fall. When the majority see something on the horizon they sell in unison and the market crashes. So what would happen depends on why the market crashes. The US market has predicted 9 out of the last 5 recessions.
2007-08-21 15:21:30 · answer #2 · answered by meg 7 · 1⤊ 0⤋
About the same as the Crash of '29 did, devastating. Most people would be out of work, and there would be only a few "haves".
2007-08-21 11:15:24 · answer #3 · answered by Rr Ii Cc Oo 1 · 0⤊ 0⤋
Ultimately we're the people who pay for it. Check out the history of Black Monday back in the late 80's.
2007-08-21 11:14:18 · answer #4 · answered by Del Piero 10 7 · 0⤊ 0⤋
it would be pretty much like it was a few years ago when we had one
really bad ones like in the 20s can't happen anymore
they make sure people actuallly have a higher percentage of the money they invest now, that's why
2007-08-21 11:13:30 · answer #5 · answered by Anonymous · 0⤊ 0⤋