Stock Market Crash Quiz

What is the stock market?

• A place to buy and sell stock.
• A business located on Main Street New York
• A place where people go when they are unemployed.
• A place where the dust bowl took place.

A stock market crash can be brought on by... 

• a major catastrophic event.
• all of these.
• the collapse of a stock bubble.
• an economic crisis.

In 1929, the United States entered an economic slowdown called the Great Depression. One of the early events was the stock market crash. What was a major cause of the stock market crash?

• Stock prices went up so fast that investors could not keep up with the changes. 
• Stock prices fell, investors panicked and sold their stocks, which led to more panic. 
• The government decided to close the stock market in New York. 
• People decided to invest their money in stock markets in Europe. 

When the stock market crashed in 1929, Herbert Hoover was president of the United States. The president who followed President Hoover began the New Deal, a program to help people during the Great Depression. This president was

• Warren Harding
• Calvin Coolidge
• Franklin Roosevelt
• Herbert Hoover

What is a "bank run?"

• another name for the Buttonwood Agreement
• when a large group of people try to go and withdraw their money from their bank at one time
• when the bank runs out of money
• when a large group of people make considerable bank deposits

Which US President helped create the FDIC which is still protecting bank money today?

• George Washington
• Thomas Jefferson
• Ben Franklin
• Franklin Roosevelt

The aftermath of the Stock Market Crash of 1929 included

• the closing of banks
• low rate of unemployment
• credit bailouts
• circuit breakers

How did the 1929 stock market crash affect the United States economy in the 1930s?

• Unemployment reached its highest level in United States history. 
• Congress voted to reject New Deal policies. 
•  Stock prices were higher than investors could afford.    
• Agriculture replaced manufacturing as the primary industry.