The Great Depression Quiz

In the 1920, companies were growing _________________.
1. quickly
2. slowly
Buying in installments means ___________________.
1. using a bank card to buy something
2. laying away a purchase until you have enough money to pay for it
3. paying for an item in cash
4. paying a small amount each month
When a person buys a stock, s/he is _____________.
1. loaning the bank money
2. buying a part a company
3. paying off a debt
In the early 20's, the prices of most stocks went _____________.
1. up
2. down
On October 29, 1929 the Stock Market hit its lowest time. This was called _________________.
1. Roaring Mad Day
2. Disaster Day
3. Black Tuesday
4. the Great Depression
Select reasons America had a Great Depression. (Select 4.)
1. Banks were investing their money in the Stock Market. When people came to the banks to take out their money, the banks had no money to give them.
2. President Hoover passed a law saying that the Americans would have to pay an additional tax on money earned in the Stock Market.
3. Farmers were having trouble selling their crops because Europeans began to plant crops once the war was over.
4. American companies were making more goods than American buyers wanted.
5. Once people lost their jobs and money they had less to spend, businesses could no longer sell their goods.
6. World War II caused men to go away to war, and they could not afford to buy extra luxary items such as washing machines.
In 1929 1,500,000 people were unemployed. By 1933 _____________ people did not have jobs.
1. 12,800,000
2. 2,500,000
3. 100,000

The Stock Market Crash

Quiz