The Great Depression Quiz

What happened at the end of 1929?

• The economy experienced a period of unprecedented growth
• The Great Depression began

What happens to a stock's price if no one is buying it?

• The price of the stock will remain the same.
• The price of the stock will decrease.

What are the similarities between the amount of money lost in the 1929 crash and how much the U.S.A made selling weapons in WW1?

• Both in the billions
• One was a loss, the other was a profit

List the 3 main causes of the crash of 1929?

• Over-speculation, excessive borrowing, lack of government regulation
• Global peace treaties, decrease in unemployment rate, increase in stock market value

If Banks run out of money, what can customers not do?

• Deposit money
• Withdraw money

List the 3 main reasons Banks failed in the great depression?

• Over-speculation, excessive use of credit, and lack of government regulation
• Under-speculation, limited use of credit, and excessive government regulation

What is the period from 1929-1940 called when the economy plummeted and unemployment went up?

• Great Depression
• Terrible Recession

Where did the Great depression take place?

• United States
• Australia

What president believed people should receive themselves from their own efforts? What is Individualism?

• Herbert Hoover

• Abraham Lincoln

Did Hoover ever accept the depression was so bad people couldn't help themselves?

• Yes
• No