Stock Market Crash Of 1929 : Trivia Quiz

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| By Travis.griffin.s
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Travis.griffin.s
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Quizzes Created: 1 | Total Attempts: 809
Questions: 14 | Attempts: 810

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Stock Market Crash Of 1929 : Trivia Quiz - Quiz

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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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  • 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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