The Stock Market Crash of 1929 had devastating effects on Americans, triggering the Great Depression, one of the most severe economic downturns in history. Many people lost their life savings as stock prices plummeted, wiping out investments. Businesses collapsed, leading to widespread unemployment and poverty. Banks failed, causing people to lose their savings. Homelessness and hunger increased as families struggled to make ends meet. The crash shattered confidence in the financial system and led to significant government intervention to stabilize the economy, shaping the trajectory of American society for years to come.
