Wall St Crash

Question 1

How many depositors did the bank of USA have when it closed in 1930?

Answer 1

400,000

Question 2

What percentage did banks lend people when ‘buying on margin’?

Answer 2

90%

Question 3

How much did international trade fall by?

Answer 3

$7 billion

Question 4

How much did banks lend speculators in 1929?

Answer 4

$9 billion

Question 5

How many speculators were there by 1929?

Answer 5

600,000

Question 6

What was gambling on the stock market nicknamed?

Answer 6

Speculation

Question 7

How much money did Rockefeller lose in the crash?

Answer 7

$160 million

Question 8

How much did average income dropped by?

Answer 8

60%

Question 9

How much money did Churchill lose in the crash?

Answer 9

$500,000

Question 10

How many shareholders were there by 1929?

Answer 10

20 million

Question 11

How much did farm and industrial production fall by?

Answer 11

40%

Question 12

When did the Wall St. Crash occur?

Answer 12

October of 1929

Question 13

What did the Wall St. Crash lead to?

Answer 13

The Great Depression

Question 14

How much was farm income by 1929?

Answer 14

$13 billion

Question 15

When did Babson predict that there would be a crash?

Answer 15

On 5th September 1922

Question 16

What was ‘the Babson Break’?

Answer 16

‘Sooner of later a crash is coming and it may be terrific’