GREAT DEPRESSION 2023

During the stock market crash of October 1929, STOCK prices were dropped in price by

• banks being forced to close.

• companies being forced out of business.

• the government intervening in the market.

• investors selling stocks at a frenzied pace lowering the price!

During the Great Depression, when a bank collapsed, closed or ran out of money,

• people / depositors lost their savings.

• depositors were repaid if their accounts were insured.

• the government covered the bank’s debts.

• the government stepped in to run the bank.

According to the chart above, one CAUSE for the decline in sales of automobiles in the years leading up to the Great Depression was

• declining demand for oil.

• increased unemployment.

• a loss of demand.

• the slowing of industry.

According to the chart, a DECLINE in the sales of automobiles meant that there was less demand for

• employment.

• higher wages.

• repair shops.

• steel.

According to the graph above, in what YEAR was the GAP or SPACE between the ANNUAL HIGH LINE and the ANNUAL LOW LINE in the stock market largest?

• 1920

• 1926

• 1929

• 1932

Based on the graph above, what was the lowest price of stocks per share during this period?

• slightly less than $100 per share

• around $55 per share

• around $50 per share

• around $25 per share

A long period of rising stock prices is known as a

• BANK RUN

• BULL MARKET

• FORECLOSURE

• MARGIN CALL

The bull market of the 1920s lasted only until SEP 1929 when

• banks continued to invest in stocks.

• investors then started to sell all there stock to get some of their money back!

• the federal reserve continued to lower interest rates.

• stockbrokers continued to make loans to investors.

What portion of the U.S. workforce was unemployed by 1933?

• ABOUT 10%

• OVER 15%

• ROUGHLY 25%

• SLIGHTLY LESS THAN 40%

During the Great Depression, many farmers who were already under pressure from debt and falling prices were devastated by this natural / man-made disaster:

• drought and the “Dust Bowl.”

• homelessness and “ ”Hoovervilles."

• migration and repatriation.

• unemployment and bank closures.