(Causes of the crash) Wall Street Crash, Oct 1929

Question 1

When did the New York Stock Exchange crash?

Answer 1

Oct 29th 1929

Question 2

By mid November, how much money had been lost?

Answer 2

$30 billion

Question 3

By what time had $30 billion been lost?

Answer 3

Mid november

Question 4

What was the Wall Street Crash a symptom of?

Answer 4

Underlying economic problems worsened by previous Republican governments (laissez-faire)

Question 5

When was the Wall Street Crash?

Answer 5

24th - 29th October 1929

Question 6

What did 6 important bankers do to try to keep The Stock Market afloat?

How did this go wrong?

Answer 6

Each pumped $40 million into it.

Didn’t inject enough & then withdrew it when trading began looking more stable.

Question 7

What happened on Monday the 28th of October 1929?

Answer 7

The volume of trading was less than the previous Thursday (the day which began the crash).

Question 8

What was the GDP down to in 1929?

Answer 8

$54 billion

Question 9

When was the GDP down to $54 billion?

Answer 9

1929