Question

What was a long-term effect of the stock market crash?

A. People had more than one job.
OB. Banks made more loans.
OC. People had more to spend.
D. Many banks were closed.

Answer 1

The long-term effect of the stock market crash was that many banks were closed.

Step-by-step explanation:

A long-term effect of the stock market crash was that many banks were closed. The crash led to widespread bank failures, with thousands of banks shutting down. This had a significant impact on the economy, causing a contraction in credit and further exacerbating the economic downturn.

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