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Stock Market Crash Flashcards | StudBud
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Stock Market Crash
Stock Market Crash
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Questions
7
Answers
1
In the 1920s, some people spent all their savings to buy shares of stock.
True
False
2
The Great Depression lasted until the 1940s. It lasted about ________.
1 year
5 years
10 years
15 years
3
Why did the stock market crash in 1929?
There were too many sellers.
There were too many buyers.
Prices fell very quickly
Too many people decided to seel their shares.
4
What is one positive effect of the Great Depression?
The FDIC guarantees the money people put into the bank.
Millions of U.S. workers were unemployed.
Billions of dollars were lost.
5
Even people who did not invest in the stock market lost their life savings. Why?
Banks had also invested in the stock market.
Banks went out of business.
6
What is another name for October 29, 1929?
The Stock Market Crash
Black Tuesday
Black Friday
FDIC
7
"I have no fears for the future of our country." Who said this? (1929)
Herbert Hoover
J. Edgar Hoover
Franklin D. Roosevelt
