The increasing number of business failures was a direct result of the stock market crash of 1929, leading to a decline in the economy and soaring unemployment rates.
The trend that was a result of the stock market crash of 1929 was the increasing number of business failures. The crash of 1929 triggered a chain reaction leading to widespread business closures and economic downturn.
This event marked the start of the Great Depression, with companies shutting down, banks failing, and millions losing their jobs and savings.
Unemployment rates soared as businesses struggled to survive in the aftermath of the crash, showcasing the severe economic consequences of the stock market collapse.
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