USA: 1919-1932 - The Wall Street Crash And The Depression

One part of GCSE History is the history of the USA between 1840 and 1975. The 1920s is one aspect of this topic looked at in great detail. This is the third of three quizzes on 1920s America and it looks in particular at the Wall Street Crash of 1929 which led to the Great Depression of the 1930s.

Wall Street was the centre of finance in the USA but when the New York Stock Exchange spiralled out of control in October 1929, investors saw the price of shares crash to new lows and many small investors were ruined. The immediate effects included bank closures, reduced production and factory closures - leading to a massive rise in unemployment and the start of the Great Depression.

Discover more about the Wall Street crash and the Great Depression in this quiz.

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  1. What name is given in stock exchange parlance to a period of sustained share price rises?
    In 1929 share speculation intensified, but at the first sign of mass selling, panic set in. Prices crashed as investors struggled to sell their shares
  2. The New York Stock Exchange had seen prices rise tenfold over the past nine months. What is the New York share index called?
    The share index is calculated on a daily basis, and normally it would gain or lose a small figure each day
  3. President Herbert Hoover urged patience and foresaw the US economy returning to its recent prosperity. Above all he refused to let the state intervene in the crisis. His personal homespun recommendation consisted of two words: what were they?
    Hoover believed that it was best to leave well alone, and that things would sort themselves out independently
  4. Hoover did, however, support a tariff measure introduced in 1930 to Congress by two Republicans who gave their names to the Act. What was it called?
    Hoover hoped to discourage foreign exports so that domestic industry could sell to the home market without undue competition
  5. What were "Hoovervilles"?
    Hoover learnt that his name would grace projects whether he was responsible for them or not
  6. On what forms of benefit could unemployed people depend?
    Few unemployed people had much confidence that their needs would be met
  7. In 1932 Hoover relented further by approving the Emergency Relief and Reconstruction Act, which provided $300 million to deal with distress. To which body were applicants told to apply?
    By this time perhaps, Hoover was beginning to realise that the situation was more serious than he had thought
  8. How many unemployed were there in the US at the worst point in the Depression?
    Multiply this figure by 4 or 5, and you get some idea of the total number of people caught up in the situation
  9. In 1932 General MacArthur was ordered to disperse camps set up by Bonus Marchers in Washington. What bonus were the marchers seeking?
    MacArthur believed that the marches were organised by the American Communist Party, and he cleared their encampments with a certain enthusiasm
  10. Another of Hoover's eventual interventions to ease conditions in the Depression was the use of the Federal Farm Board. What did the Board attempt to do under his presidency?
    The farm problem had been a severe one since before the Crash. Here again, Hoover was relenting under great pressure

Author: Edward Towne

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