Which of these was a lasting effect of the stock market crash

The stock market crash of 1929 had a lasting effect on the US economy, including decreased levels of consumer confidence, unemployment, a decrease in wages, and the closure of many businesses.

Explanation

The stock market crash of 1929 was a major event in US history that had a lasting impact on the economy. The crash caused a decrease in consumer confidence, which led to decreased spending, resulting in a decrease in wages and an increase in unemployment. This, in turn, led to the closure of many businesses.

The consequences of the stock market crash of 1929 were far-reaching and had a long-term impact on the US economy. The crash contributed to the Great Depression, with its widespread financial instability, widespread unemployment, and lasting decrease in economic growth.

The effects of the stock market crash of 1929 have been studied in depth, and the lessons learned from it have been used to inform economic policy and prevent similar crashes from happening in the future. One of the key lessons is the importance of regulating financial markets and taking steps to ensure that speculation and overinvestment do not lead to unsustainable bubbles. Additionally, understanding the causes of the crash can help to inform economic policy decisions and help to ensure that similar events do not occur in the future.