The Great Depression | History | Quizalize & Oak National Academy

Starter quiz

Write the missing word. ______ is when investors purchase shares, often with borrowed money, in the hope of selling them off in future for a profit.
- 'Speculation' ✓
Which statement is accurate?
- By the late 1920s, overproduction was only a problem in agriculture.
- By the late 1920s, overproduction was only a problem in industry.
- By the late 1920s, overproduction was a problem in agriculture and industry. ✓
How much did the share price of the Radio Corporation of America change by between September and November 1929?
- It decreased by 94%. ✓
- It decreased by 44%.
- It stayed the same.
- It increased by 44%.
- It increased by 94%.
What was buying on the margin?
- Purchasing cars using large bank loans to cover 90% of the price.
- Purchasing houses using large bank loans to cover 90% of the price.
- Purchasing radios using large bank loans to cover 90% of the price.
- Purchasing shares using large bank loans to cover 90% of the price. ✓
Why were foreign tariffs an economic problem for the USA?
- American companies earned more abroad than at home.
- American companies struggled to sell off their surplus products. ✓
- American companies were encouraged to overproduce.
Starting with the earliest, sort the following events of the Wall Street Crash into chronological order.
- 1
  
  ⇔
  
  Company profits begin to decline.
- 2
  
  ⇔
  
  Cautious investors start selling off shares.
- 3
  
  ⇔
  
  Black Thursday and Black Tuesday.
- 4
  
  ⇔
  
  Many speculators and shareholders are bankrupted.
- 5
  
  ⇔
  
  659 banks fail across the USA.