Ask us of these was a lasting effect of the stock market crash?

One lasting effect of the Stock Market crash of 1929 was the establishment of more stringent regulations on financial markets, leading to the creation of the Securities and Exchange Commission (SEC) in 1934. This aimed to restore investor confidence and prevent such a catastrophic event from happening again. Additionally, the crash contributed to the Great Depression, which had long-term economic impacts, including increased unemployment and changes in social safety nets. The event fundamentally altered public perception of the stock market and investment practices.