Great Depression and WWII (Part1)

What event is known as Black Tuesday that occurred in 1929?

• The start of World War II

• The signing of the Treaty of Versailles

• The stock market crash

• The end of the Great Depression

During which decade did the rise in stock prices encourage many Americans to purchase stocks?

• 1930s

• 1940s

• 1920s

• 1910s

What economic pattern did the Texas economy experience before the Great Depression?

• Stagnation and decline

• Boom-and-bust cycles

• Continuous growth

• Minor fluctuations

What two factors caused the Stock Market Crash of 1929?

• Overproduction and low wages

• Increased consumer spending and low interest rates

• Government regulations and high taxes

• Technological advancements and global trade

How were banks likely impacted by the Stock Market Crash of 1929?

• Banks experienced increased deposits

• Banks faced numerous withdrawals and failed

• Banks lowered interest rates

• Banks expanded their operations

What was one of the major causes of the Great Depression according to the text?

• Increase in the price of goods

• Decrease in the price of goods

• Increase in employment

• Decrease in oil production

What was a direct consequence of businesses having to lay off workers during the Great Depression?

• Increase in employment

• Decrease in homelessness

• Increase in homelessness

• Increase in agricultural production

Why were Texans less affected by the Great Depression initially compared to other Americans?

• Because of the thriving agricultural sector

• Due to the ongoing oil industry providing jobs

• Because of increased mechanized farming

• Due to increased stock market investments

What led to many Americans losing their homes during the Great Depression?

• Increase in the stock market

• Overproduction of industrial goods

• Foreclosure due to financial crisis

• Opening of new banks

What happens to the price of goods when there is more supply than demand?

• The price increases

• The price decreases

• The price remains the same

• The price fluctuates unpredictably