It doesn't "rain" here anymore... by https://padlet.com/howellc5/w7yyk58014d3 Using the excerpt from Google Classroom identify the negative impacts of a stock market crash on 1. the average consumer/ business owner and 2. on the banking + larger financial system. en-us 2017-10-03 16:10:39 UTC 2025-11-14 14:23:27 UTC hello@padlet.com Vignesh Kumar kumarv2 https://padlet.com/howellc5/w7yyk58014d3/wish/193580393 The impact on business customers and consumers was by no means fatal in the beginning of the Depression. It was the panic caused by banks shutting down and the train reaction of people losing the trust of banks and if someone has no credit the banks wouldn't want to give them a loan. Slowly people lost their business and work became increasingly valued because of its scarcity.]]> 2017-10-03 18:04:51 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193580393 Palak Shah https://padlet.com/howellc5/w7yyk58014d3/wish/193580601 There was series of bank panics in the 1930's. Many banks had to close due to investments going bad and customers demanding their money back. ]]> 2017-10-03 18:05:09 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193580601 Saneel Sreeni https://padlet.com/howellc5/w7yyk58014d3/wish/193580668 The financial and banking system went bottom-up. For example, when investment by the banks went bad, they were forced to close, especially when clients demanded to get their money back from the same banks.]]> 2017-10-03 18:05:15 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193580668 https://padlet.com/howellc5/w7yyk58014d3/wish/193580672 2017-10-03 18:05:15 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193580672 Amey Venkatanarayan https://padlet.com/howellc5/w7yyk58014d3/wish/193580684 In the beginning, the stock market crash did not directly affect the average business owner. However as time went on and more banks closed the average business owner was greatly affected as less people would visit their shops. This lack of demand resulted in many small businesses closing their doors as a result of the Great Depression.]]> 2017-10-03 18:05:17 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193580684 Aparna Natarajan https://padlet.com/howellc5/w7yyk58014d3/wish/193580721 The series of bank panics in the late 1930's had led to several consequences. When investments went bad (or were rumored to go bad), several banks had to close due to the large number of customers requesting their money back. ]]> 2017-10-03 18:05:20 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193580721 Dhiren Vazirani https://padlet.com/howellc5/w7yyk58014d3/wish/193580771 The state of consumer spending and business was not in peril at first. The lack of people having trust in banks led to the stock market crash because the stock market has a limited role in determining investment. People started to lose businesses and work began to become scarce. ]]> 2017-10-03 18:05:26 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193580771 Ariana Novo https://padlet.com/howellc5/w7yyk58014d3/wish/193580861 Many business owners had to close down their shops and let go of their steady jobs because of the stock market crash due to a total lack of customers. Also, people's credit disappeared when banks shut down.]]> 2017-10-03 18:05:34 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193580861 Nicole Salaza https://padlet.com/howellc5/w7yyk58014d3/wish/193580940 Business owners had to find new jobs as the amounts of customers began to decrease until stores went out of business.]]> 2017-10-03 18:05:42 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193580940 Archi Parekh https://padlet.com/howellc5/w7yyk58014d3/wish/193580970 The stock market crash negatively impacted the average consumer by forcing them to close down their businesses.This forced an average consumer and a business owner to lose money to live a normal lifestyle and a means of earning that money. ]]> 2017-10-03 18:05:46 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193580970 Parth Savla https://padlet.com/howellc5/w7yyk58014d3/wish/193580995 People struggled to get loans, as banks could not differentiate between who was reliable and who wasn't. Also when the banks closed, people either couldn't recieve loans.]]> 2017-10-03 18:05:48 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193580995 Saneel Sreeni https://padlet.com/howellc5/w7yyk58014d3/wish/193581311 When the banks closed, business owners and citizens were no longer able to receive loans and financial advice from banks. As a result, they were not able to expand or keep their businesses running, which was the case with Mr. Mishkin.

]]> 2017-10-03 18:06:24 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193581311 Yoganand Pathak https://padlet.com/howellc5/w7yyk58014d3/wish/193581762 Initially, the stock market collapse did not affect the Average Consumer/ Business Owner greatly. However, as banks closed the businesses lost their sources of financing and customers due to the economic recession. ]]> 2017-10-03 18:07:09 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193581762 Hannah Daniel https://padlet.com/howellc5/w7yyk58014d3/wish/193581844 The average consumer and business owners were not exactly affected at first because they withdrew their money from the banks. As larger corporations began to crash, consumers were unable to purchase necessities causing a chain reaction of loss regarding finance.  
Credit value had decreased and banks were not willing to give loans to those in need causing the small businesses to crash. 
]]> 2017-10-03 18:07:18 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193581844 Spencer Ng ngs3 https://padlet.com/howellc5/w7yyk58014d3/wish/193581917 Consumer spending would decrease, so small businesses would make less profit and possibly close down. This would then impact the families of business owners, such as in Mr. Mishkin's case.]]> 2017-10-03 18:07:26 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193581917 Siddhant Pradhan https://padlet.com/howellc5/w7yyk58014d3/wish/193581949 In the beginning of the Great Depression, banks were forced to close, and because of this, many business owners couldn't take loans. They would make less profit and eventually have to close down.]]> 2017-10-03 18:07:30 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193581949 Vineeth Vajipey https://padlet.com/howellc5/w7yyk58014d3/wish/193582162 The average consumer was not affected immediately. They withdrew their money from banks in rapid amounts, but after the banks closed down, people were not able to make loans, or use credit. This led people to stop spending win luxuries and other people's services. This made stores go out of business and left people out of jobs.]]> 2017-10-03 18:07:53 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193582162 Vignesh Kumar kumarv2 https://padlet.com/howellc5/w7yyk58014d3/wish/193582201 The impact on the the financial system of this time was drastic. The idea that banks were suffering and rumors that were circulating caused common people to demand their money back from the banks which led to them eventually closing. This shows the power that a simple mindset can have on a person. Banks were also weary of lending money to people because only the main banks were left which was not a good scenario. This is because the smaller local banks who knew what type of people had good/bad credit had shut down and the bigger banks didn't have this information.

]]> 2017-10-03 18:07:56 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193582201 Nicole Salazar https://padlet.com/howellc5/w7yyk58014d3/wish/193582209 A series of bank panics swept the 1930s. If an investment went bad, or almost went bad, then banks had to close down.]]> 2017-10-03 18:07:57 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193582209 Spencer Ng ngs3 https://padlet.com/howellc5/w7yyk58014d3/wish/193582278 Banks began closing due to fewer investments being made, and remaining financial institutions could no longer give credit and loan money to customers without risking losing their own money.]]> 2017-10-03 18:08:05 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193582278 Parth Savla https://padlet.com/howellc5/w7yyk58014d3/wish/193582341 Bank panics in the 1930s. Bad investments were made which led to nervous customers demanding money back. Eventually hundreds of banks closed.]]> 2017-10-03 18:08:11 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193582341 Ariana Novo https://padlet.com/howellc5/w7yyk58014d3/wish/193582739 Many banks shut down because people wanted their money back. When this happened, their "knowledge" disappeared with them. This stopped other banks from lending money because they could not distinguish reliable people from those who weren't that.]]> 2017-10-03 18:08:51 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193582739 Yoganand Pathak https://padlet.com/howellc5/w7yyk58014d3/wish/193583035 Numerous banks shut down, and these shut downs led to a massive loss of information on loans and credit. ]]> 2017-10-03 18:09:21 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193583035 Amey Venkatanarayan https://padlet.com/howellc5/w7yyk58014d3/wish/193583144 Due to the bank panics that came as a result of the market crash, many people feared banks would close and thus they withdrew their money from banks. This caused banks to shut down as they lost many customers due to these panics.]]> 2017-10-03 18:09:32 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193583144 Aparna Natarajan https://padlet.com/howellc5/w7yyk58014d3/wish/193583156 On the average consumer/business owner, the stock market crash had a delayed effect. Once hundreds of banks had closed, credit had dried up because banks could not trust small business owners or residents.]]> 2017-10-03 18:09:33 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193583156 Palak Shah https://padlet.com/howellc5/w7yyk58014d3/wish/193583200 At first, the average consumer and business owners were not exactly affected. But later on banks started closing and becoming less likely to loan money, this meant that the businesses lost their sources of financing.]]> 2017-10-03 18:09:37 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193583200 Siddhant Pradhan https://padlet.com/howellc5/w7yyk58014d3/wish/193583627 Many banks had to close down because of bad investments. Along with them went "knowledge" so no other banks would know who's reliable and who isn't. They wouldn't give out any loans]]> 2017-10-03 18:10:21 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193583627 Archi Parekh https://padlet.com/howellc5/w7yyk58014d3/wish/193583711 The larger financial system lost all its money and the trust of the people. It had no control over the economic collapse and began to collapse and bring down the American people with itself. ]]> 2017-10-03 18:10:29 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193583711 https://padlet.com/howellc5/w7yyk58014d3/wish/193583856 2017-10-03 18:10:45 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193583856 Hannah Daniel https://padlet.com/howellc5/w7yyk58014d3/wish/193584050 Rumors of bank panics caused several consumers to ask for and withdraw money from their accounts causing several banks to close due to bankruptcy.  The Stock market failed due to lack of investments for regular stock buyers.]]> 2017-10-03 18:11:05 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193584050 Vineeth Vajipey https://padlet.com/howellc5/w7yyk58014d3/wish/193584099 A massive withdrawal from a bank led them to go out of business. This occurred because of some financial difficultly, or fear by the public. Without money to invest, and the collapsing stock market, the banks were not able to profit leaving them to wither.]]> 2017-10-03 18:11:10 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193584099 Many banks had to shut down due to investments going bad. Other Banks didn't know how to trust due to the knowledge of ban officers effectively decreasing. https://padlet.com/howellc5/w7yyk58014d3/wish/193584802 2017-10-03 18:12:28 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193584802 Joanna Samuel https://padlet.com/howellc5/w7yyk58014d3/wish/193585271 Business owners everywhere fell into the pull of the stock market crash due to the paranoia and refusal of banks to lend money to them. Many businesses ended up shutting down and owners were left without jobs.]]> 2017-10-03 18:13:15 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193585271 Dhiren Vazirani https://padlet.com/howellc5/w7yyk58014d3/wish/193585379 Rumors spread about banks leading to people withdrawing their money from banks. They had no money to invest and all thier money had gone in the failing stock market. ]]> 2017-10-03 18:13:28 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193585379 Joanna Samuel https://padlet.com/howellc5/w7yyk58014d3/wish/193587183 Investments slowed and people grew wary of depending on their local banks. With rumors growing, they took any step they could to hold their bank alive, which meant rejecting businesses and consumers who asked for money.]]> 2017-10-03 18:16:24 UTC https://padlet.com/howellc5/w7yyk58014d3/wish/193587183