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Flashcards on Stock Market Crash of 1929
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What event caused the Stock Market Crash of 1929?
The crash was triggered by a sudden collapse of stock prices on Wall Street.
When did the Stock Market Crash of 1929 occur?
The crash occurred on October 29, 1929.
Which country did the Stock Market Crash of 1929 primarily affect?
The crash primarily affected the United States.
What is another name for the Stock Market Crash of 1929?
It is also known as Black Tuesday.
What was the main cause of the Stock Market Crash of 1929?
The main cause was over speculation and excessive borrowing in the stock market.
What were the consequences of the Stock Market Crash of 1929?
The crash led to the Great Depression and a prolonged period of economic downturn.
Which industry was particularly affected by the Stock Market Crash of 1929?
The banking industry was severely impacted by the crash.
What was the unemployment rate during the Great Depression?
The unemployment rate reached approximately 25% during the Great Depression.
How long did the Great Depression last?
The Great Depression lasted for about a decade, from 1929 to the late 1930s.
What measures were taken to prevent future stock market crashes after 1929?
The U.S. government implemented the Securities Act of 1933 and the Securities Exchange Act of 1934 to regulate the stock market.
Which president was in office during the Stock Market Crash of 1929?
The crash occurred during President Herbert Hoover's term.
What is the Dow Jones Industrial Average?
The Dow Jones Industrial Average is a stock market index that measures the performance of 30 large publicly-owned companies.
What is a stock market bubble?
A stock market bubble refers to a rapid increase in stock prices that is not supported by the fundamentals of the underlying companies.
What is an economic recession?
An economic recession is a period of temporary economic decline marked by a decrease in economic activity, income, and employment.
What is the Federal Reserve?
The Federal Reserve is the central banking system of the United States, responsible for conducting monetary policy and regulating banks.
What is the role of speculators in the stock market?
Speculators are investors who buy and sell stocks in the hope of making quick profits from price fluctuations.
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Test Your Knowledge
When did the Stock Market Crash of 1929 occur?
November 29, 1929
December 29, 1929
October 29, 1929
September 29, 1929
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What was the main cause of the Stock Market Crash of 1929?
Government intervention in the stock market
Natural disaster
Over speculation and excessive borrowing
Change in international trade policies
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What were the consequences of the Stock Market Crash of 1929?
Economic boom and increased employment
Stability in the banking industry
Great Depression and economic downturn
Rapid industrial growth
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Which industry was particularly affected by the Stock Market Crash of 1929?
Technology
Agriculture
Banking
Energy
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What is another name for the Stock Market Crash of 1929?
Black Thursday
Red Monday
Black Tuesday
Blue Wednesday
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What is the Dow Jones Industrial Average?
A measure of inflation
A government economic indicator
A stock market index
A commodity price index
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What is the unemployment rate during the Great Depression?
5%
15%
25%
35%
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How long did the Great Depression last?
2 years
5 years
10 years
20 years
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Which president was in office during the Stock Market Crash of 1929?
Franklin D. Roosevelt
Woodrow Wilson
Herbert Hoover
Calvin Coolidge
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What is the Federal Reserve?
A branch of the U.S. government
A private banking consortium
The central banking system of the United States
An international financial organization
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