What Caused the 1929 Stock Market Crash?

According to the video, which year marked the low point of the Great Depression?

• 1929

• 1930

• 1932

• 1936

What is meant by "unintended consequences"?

• A planned outcome

• An unexpected result

About how much of Germany's home territory was taken away by the Treaty of Versailles

• 1%

• 10%

• 20%

• 50%

U.S. President Calvin Coolidge's policy on European repayment of war debt was:

• Countries that borrowed money from the U.S. could repay it whenever they felt like it

• Countries had to repay the U.S. as soon as possible.

• European countries' war debt was forgiven by President Coolidge, so no problems!

Which of the following industries were NOT slowing down during the 1920s?

• coal

• steel

• automobile

• railroads

• new houses being built

Buying "on credit" means:

• Borrowing money in order to buy something now (and pay for it later).

• Waiting until you have the money in your bank account before purchasing a product.

Many stock-brokers were buying stocks "on margin." Which of the following statements describes what this means?

• They bought blue-chip stocks that were guaranteed to rise in value.

• They made safe investments, using only money that they already had to purchase the stocks.

• They borrowed money to buy stocks - as much as 70% of the value of the stock. If the stock lost its value, the stockbroker still owed the borrowed money.

Which statement is accurate in explaining why American banks were failing in the early 1930s?

• As people saw the stock market crashing, they decided to keep their money in banks as a safe place for their savings.

• As stockbrokers struggled to repay loans to banks, people panicked and quickly withdrew their money. 

The Great Depression showed many Americans that:

• the government should be called on to do more for the people in times of crisis

• the government should avoid interfering with the long-held values of capitalism

• they, themselves, could be counted on to solve the economic depression.

Germany's post-war government was called the Weimar Republic and was dedicated to democracy. However, the Great Depression in America spread throughout the world. In Germany, this caused what problem?

• The president of the Weimar Republic hated Franklin Roosevelt.

• The Depression made repayment of Germany's WW1 reparations impossible.