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WJEC USA 1910- 1929 KQ5 Flashcards | StudBud
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WJEC USA 1910- 1929 KQ5
WJEC USA 1910- 1929 KQ5
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1
Overspeculation was a____________ of the Wall Street Crash
long term cause
trigger cause
short term cause
2
Black Thursday was the...
21st Oct
24th Oct
25th Oct
29th Oct
3
What was the immediate effect of the Wall Street Crash?
banks collapsed
people committed suicide
hobos began to travel
people became unemployed
4
Over-speculation meant
Selling shares and losing money
Borrowing money to buy shares, selling them to make money
Thinking a lot about money
Buying shares
5
How many Americans were unemployed by the end of 1929?
2 million
1 million
1.5 million
2.5 million
6
Buying on credit was a____________ of the Wall Street Crash
short term cause
trigger cause
long term cause
7
How many shares were sold on Black Thursday?
16 million
15 million
12 million
13 million
8
Panic Selling began on...
Black Monday
Black Wednesday
Black Tuesday
Black Thursday
9
Why had demand fallen for consumer goods?
It wasn't cool to own a fridge
Those that could afford it had already bought them
10
How did European countries react to the Fordney McCumber Tariff, 1922?
imposed a tax on American goods
Ignored the USA and blocked all trade
Allowed trade with USA as normal
decreased tax on European goods
11
How many shares were sold on Black Tuesday?
13 million
12 million
16.5 million
15 million
12
Panic selling was a____________ of the Wall Street Crash
trigger cause
long term cause
short term cause
13
Overproduction was a____________ of the Wall Street Crash
short term cause
trigger cause
long term cause
14
What percentage of shares had been brought using credit when the Wall Street Crashed?
60%
45%
75%
10%
15
Where did land and property prices start to fall in 1926?
Florida
Kentucky
New York
Chicago
16
How many people had invested in the stock market by 1929?
20 million
10 million
15 million
5 million
17
Overproduction means
Not enough goods were made
The right amount of goods were made
Lots of goods were made
Too many goods were made
18
Black Tuesday was the...
21st Oct
29th Oct
25th Oct
24th Oct
19
Which industry was particularly badly hit by overproduction?
Hobos
Bankers
Farmers
Train drivers
