18.1 Video Causes of GD

Which of the following was NOT a sign of economic trouble in the United States by the end of the 1920s?

• Key industries like coal and steel were struggling.

• Farmers faced falling prices and lost their homes.

• Consumers had abundant disposable income and credit.

• Both consumers and firms accumulated unpayable debts.

What percentage of American families lived at or below the poverty line during the 1920s?

• Less than 10%

• Around 29%

• More than 70%

• Exactly 50%

What was the practice of buying stocks with a small down payment and paying the rest with credit called?

• Speculation

• Buying on margin

• Short selling

• Day trading

What was the date of "Black Tuesday," the worst day of the 1929 stock market crash?

• October 24, 1929

• November 1, 1929

• October 29, 1929

• September 15, 1929