Stock Market Crash Of 1929 : Trivia Quiz

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| By Travis.griffin.s

Travis.griffin.s

Community Contributor

Quizzes Created: 1 | Total Attempts: 842

Questions: 14 | Attempts: 842 | Updated: Mar 21, 2023

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Questions and Answers

1.

The stock market crash of 1929 is known as_________ Thursday?

Explanation
It was also known as Black Tuesday.

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2.

The stock market crash began well before October?
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
True many papers were reporting on a possible struggle and crash early in 1929 and some even before that.

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3.

Today there are multiple theories for the cause of the stock market crash?
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
Some blame the media for speculating and scaring investors, some blamed poor investment choices by individuals, some blamed companies, and some blamed the banks and how they handle funds and deposits.

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4.

While the economy was struggling the manufacturing industry continued to stay strong?
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
During an economic downturn, it is common for many industries to suffer and struggle. However, the manufacturing industry tends to be more resilient and can often withstand economic challenges better than other sectors. This is because manufacturing involves the production of tangible goods that are essential for various industries and consumer needs. Additionally, manufacturing companies may have long-term contracts or established relationships with customers, providing some stability during tough economic times. Therefore, it is plausible that while the overall economy is struggling, the manufacturing industry can still remain strong.

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5.

The year leading up to the crash magazines painted pictures of a strong economy and much growth?
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
True, because statistically much of the industrial and manufacturing industries were growing and demand was still strong and holding, and in some cases growing.

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6.

From the articles, we learn that one of the largest issues during the crash was some papers giving optimism and showing growth while others warned about the negative sign to the economy?
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
Many papers showed growth and stability reassuring people of comfort, while other papers speculated of a crash.

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7.

At the peek of the crash stocks fell 80%?
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
At the end of the 1920 stocks were down approx 80% from their high.

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1
8.

Banks struggled financially partially due to investing depositors money into the stockmarket?
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
Because of the economy and stock market at all-time highs banks used most deposited money to invest in stocks that would later lose much of their value.

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9.

Banks lost how much of depositors money when they failed?
- A.
  
  $100 Billion
- B.
  
  $120 Billion
- C.
  
  $140 Billion
- D.
  
  $175 billion
Correct Answer
C. $140 Billion

Explanation
During the time when banks failed, they lost a significant amount of depositors' money, specifically $140 billion. This loss could have been due to various reasons, such as mismanagement, risky investments, economic downturns, or fraudulent activities. Regardless of the specific cause, the substantial loss of $140 billion indicates the severity of the failure and the impact it had on depositors who entrusted their money to these banks.

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10.

The FDIC "Federal Deposit Insurance Corporation" was created before the stock market crash to prevent such crashes?
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
The FDIC was created in response to the crash to protect future depositors so they didn't lose all their money again.

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11.

Banks were closed for how many days?
- A.
  
  1
- B.
  
  2
- C.
  
  3
- D.
  
  4
Correct Answer
C. 3

Explanation
Many banks began to incorporate strict withdrawals and also led to the FDIC.

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12.

Today banks still invest in the stock market?
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
Banks do invest in the stock market. They often have investment divisions or subsidiaries that handle their stock market investments. These investments can include buying stocks, bonds, mutual funds, and other securities. Banks invest in the stock market to diversify their portfolios, generate returns, and provide additional services to their clients. Therefore, the statement that banks still invest in the stock market is incorrect.

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13.

Speculation played a small role in the crash?
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
Speculation played a large roll on wall street and made many people sell out.

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14.

It would take over 40 years for the amount of stock exchanged in one day would match that of black Thursday?
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
The statement is true because Black Thursday, which refers to the stock market crash of 1929, was a significant event in history where a large amount of stock was exchanged in a single day. Given that this event was unprecedented, it is reasonable to assume that it would take over 40 years for the amount of stock exchanged in a single day to match that of Black Thursday.

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Current Version
Mar 21, 2023

Quiz Edited by
ProProfs Editorial Team
Oct 10, 2011

Quiz Created by
Travis.griffin.s

Stock Market Crash Of 1929 : Trivia Quiz

The stock market crash of 1929 is known as_________ Thursday?

The stock market crash began well before October?

Today there are multiple theories for the cause of the stock market crash?

While the economy was struggling the manufacturing industry continued to stay strong?

The year leading up to the crash magazines painted pictures of a strong economy and much growth?

From the articles, we learn that one of the largest issues during the crash was some papers giving optimism and showing growth while others warned about the negative sign to the economy?

At the peek of the crash stocks fell 80%?

Banks struggled financially partially due to investing depositors money into the stockmarket?

Banks lost how much of depositors money when they failed?

The FDIC "Federal Deposit Insurance Corporation" was created before the stock market crash to prevent such crashes?

Banks were closed for how many days?

Today banks still invest in the stock market?

Speculation played a small role in the crash?

It would take over 40 years for the amount of stock exchanged in one day would match that of black Thursday?