Boom and Bust Quiz

Which of the following statements about Herbert Hoover is not true?

• He had been an engineer and businessman.
• He helped provide food to starving people after WWI.
• He managed a gold mine in the Australian desert.
• He had been the governor of New York.

The Ku Klux Klan ran an anti-Catholic, anti-city, anti-immigrant hate campaign against the Catholic candidate in the 1928 presidential election. They said the Catholic pope would be ruling America from Rome if that candidate were elected.  
Who was the candidate?

• Al Smith
• Warren Harding
• Calvin Coolidge
• Herbert Hoover

Which of the following statements is true about a person who acquires stock in a company? That person

• is a manager of that company
• has lent money to that company
• owes money to that company
• owns part of that company

If you buy stock, you hope that in the next few years there will be

• a flat market
• a bull market
• an up-and-down market
• a bear market

One problem with the stock market right before the crash was that people were buying "on margin." When you buy on margin

• you buy stock in foreign countries
• you borrow money to buy stock
• you buy stock one day and plan to sell it the next
• you buy stock in high-risk companies