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Social Impacts Of The Stock Market Crash

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The Stock Market Crash Social impacts of the the Stock Market Crash affected all classes of people. Everyone was hit hard by this crash even if they did not have money invested. The money that was lost could not be repaid by the bank to investors so they went into poverty (History Hub). Some even committed suicide. There was no way to get cash from banks because they did not have it and people could not use checks because there was no way to prove if they were valid or not. Homeowners faced higher payments on shorter loans. The Florida Land Boom caused houses to be built 25 percent faster than the people that could live there. Everyone sold their homes and liberty bonds to invest them into the stock market. Everybody from bankers to

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