Stock Market Crash Research Paper

Decent Essays
quickly rose to 10% and this recession started to spread globally, 10 million workers in china lost their jobs (Lewis). Many banks quickly became bankrupt and lost millions in people's savings. The recession had affected me personally. My dad, who depends on a steady stock market to keep an income, started to notice the effect of the crash in his industry. At that time, I was about 10 years old, but never understood why the “stock market crash” meant we had to keep a tighter budget than usual. It was a stressful time for my dad. When I asked him about it he said, “The housing market crash made investing very difficult...I noticed about 40% of financial advisors left the industry due to the crash.” Though my dad was able to stick it out and

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