Causes Of Black Tuesday

Question 1

What is Black Tuesday?

Answer 1

Black Tuesday refers to October 29, 1929, when the stock market crashed in Canada and the United States.

Question 2

True or False: Black Tuesday marked the beginning of the Great Depression.

Answer 2

True

Question 3

What were some of the immediate causes of Black Tuesday in Canada?

Answer 3

Speculation in the stock market, overproduction, and declining consumer confidence.

Question 4

Fill in the blank: The economic period that followed Black Tuesday is known as the _______.

Answer 4

Great Depression

Question 5

Which sector was heavily impacted by Black Tuesday in Canada?

Answer 5

The financial sector

Question 6

What role did banks play in the events leading to Black Tuesday?

Answer 6

Many banks had invested heavily in the stock market and suffered significant losses.

Question 7

Multiple Choice: What was a significant factor contributing to the stock market crash? A) High interest rates B) Low unemployment C) Excessive speculation

Answer 7

C) Excessive speculation

Question 8

What was the impact of Black Tuesday on Canadian unemployment rates?

Answer 8

Unemployment rates soared as businesses failed and economic activity decreased.

Question 9

True or False: Black Tuesday only affected the United States and had no impact on Canada.

Answer 9

False

Question 10

What was one long-term effect of Black Tuesday on Canadian society?

Answer 10

Increased government intervention in the economy.

Question 11

Fill in the blank: The stock market crash of Black Tuesday led to a significant _______ in consumer spending.

Answer 11

decrease

Question 12

What was a common reaction among investors following Black Tuesday?

Answer 12

Panic selling of stocks.

Question 13

Multiple Choice: What was one of the government responses to the economic crisis following Black Tuesday? A) Tax cuts B) Public works programs C) Deregulation

Answer 13

B) Public works programs

Question 14

What economic conditions preceded Black Tuesday?

Answer 14

A booming economy with rapid industrial growth and high stock prices.

Question 15

True or False: The stock market was regulated heavily prior to Black Tuesday.

Answer 15

False

Question 16

What was one psychological factor that contributed to the crash on Black Tuesday?

Answer 16

Investor panic and loss of confidence.

Question 17

Fill in the blank: The events of Black Tuesday led to a decade-long _______.

Answer 17

economic depression

Question 18

What role did international trade play in the aftermath of Black Tuesday?

Answer 18

International trade declined, worsening the economic situation.

Question 19

Multiple Choice: Which group was most likely to be affected by the economic downturn after Black Tuesday? A) Wealthy investors B) Farmers C) Government officials

Answer 19

B) Farmers

Question 20

What was the significance of the Dust Bowl in relation to the Great Depression?

Answer 20

It exacerbated economic difficulties for farmers during the Great Depression.

Question 21

True or False: Black Tuesday led to the establishment of the Canadian welfare state.

Answer 21

True

Question 22

What was one of the major lessons learned from the events of Black Tuesday?

Answer 22

The need for better financial regulation.

Question 23

Fill in the blank: The economic policies implemented after Black Tuesday were aimed at _______ recovery.

Answer 23

economic

Question 24

What was a common economic theory that emerged after Black Tuesday?

Answer 24

Keynesian economics, emphasizing government intervention.

Question 25

Multiple Choice: What was the public sentiment in Canada following Black Tuesday? A) Optimism B) Despair C) Indifference

Answer 25

B) Despair

Question 26

What was one major consequence of the stock market crash for Canadian industries?

Answer 26

Many industries faced bankruptcy and closures.