Events Leading to the Crash
What period was known for a rapid boom in the economy?
The Roaring 20's
What year did the Stock Market crash?
1929
Who took over the presidency after Herbert Hoover?
Franklin D. Roosevelt
A reason so many people invested in stocks?
To make quick money
What major war came after the stock market crash?
World War 2
A regional bank of the Federal Reserve System.
Federal Reserve
What major war led up to the crash, affecting trade with other countries?
World War 1
On what street did the stock market crash on?
Wall Street
What president was blamed for the stock market crash?
Herbert Hoover
True or False: People were frightened because they could not pay their bills and the automobile industry suffered due to the crash.
True
The ability of a customer to obtain goods or services before payment, with the trust that payment will be made in the future.
Credit
What day did the panic begin on, closing down 12.8% of the market?
Treaty of Versailles
Who's inauguration was in January of 1929?
Herbert Hoover
True or False: People were investing in the market even though they had no money or prior experience?
True
True or False: The Stock Market Crash was the main reason for the Great Depression?
False
A period of temporary economic decline during which trade and industrial activity are reduced.
Recession
What day is known to have a record 12.9 million shares traded as investors rushed to salvage their losses?
Black Tuesday
Was is the market measured by?
Dow Jones Industrial Average (DJIA)
True or False: Many historical figures benefited from the great depression?
True
Prices of stocks rose to an all-time great during what time?
"Hoover Bull Market"
Around how many Americans were out of work in 1932?
15,000,000
A concept used to describe the current level of consumption or production of a good or service.
Margin
What day did the stock market officially crash?
Black Thursday
What agency did not exist during the '20s?
The Federal Deposit Insurance Corporation (FDIC)
Who invested millions of dollars to attempt to fix the issue in the market, being only a temporary fix as the market crashed the next day?
J.P Morgan
Name some possible reasons/factors leading to the crash of the stock market.
Rampant speculation, a multitude of large bank loans that could not be liquidated, and economic recession
Franklin D. Roosevelt signed what law into place in 1933?
The Banking Act of 1933
Liquidity