Economic Developments: The Wall Street Crash

Question 1

What fraction of Amercians were engaging in the Stock Market in the 1920s?

Answer 1

1/5 of Americans

Question 2

What was the reality for the car market by 1929?

Answer 2

Most people who could afford a car had bought one

Question 3

How much did Ford production decrease in 1929?

Answer 3

Decreased by 30%

Question 4

What did millions of people do when they saw the wealthiest individuals selling their shares?

Answer 4

They also sold their shares

Question 5

How much money was lost in the stock market on 23rd October 1929?

Answer 5

$4 billion

Question 6

How much money was lost in the stock market on 24th October 1929?

Answer 6

$9 billion

Question 7

How much money had been lost in the Stock Market by November 1929?

Answer 7

$25 billion

Question 8

How much money in savings disappeared after the Wall Street Crash?

Answer 8

$140 billion

Question 9

What year was the Empire State Building completed?

Answer 9

1930

Question 10

What was the first year the Empire State Building turned a profit in?

Answer 10

1950

Question 10

Who was President at the time of the Wall Street Crash?

Answer 10

Herbert Hoover