Bust – Americans’ experiences of the Depression and New Deal (AQA GCSE History): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
When did the Wall Street Crash occur?
When did the Wall Street Crash occur?
October 1929
Which period of prosperity did the Wall Street Crash bring to an end?
Which period of prosperity did the Wall Street Crash bring to an end?
The Roaring Twenties
What was 'buying on margin' in the 1920s?
What was 'buying on margin' in the 1920s?
Using borrowed money to buy shares
What problem existed with production by 1929?
What problem existed with production by 1929?
More goods produced than could be sold
Why couldn't American firms sell excess goods abroad?
Why couldn't American firms sell excess goods abroad?
Foreign govts imposed high taxes
What date became known as 'Black Thursday'?
What date became known as 'Black Thursday'?
24 October 1929
How many shares were sold on Black Thursday?
How many shares were sold on Black Thursday?
13 million
What percentage of their value did American shares lose?
What percentage of their value did American shares lose?
89%
How many banks closed in 1929?
How many banks closed in 1929?
Over 600
Why couldn't banks repay all depositors?
Why couldn't banks repay all depositors?
Money was lent out or invested
What was a 'bank run'?
What was a 'bank run'?
People rushed to withdraw savings
How did the crash affect consumer spending?
How did the crash affect consumer spending?
People cut back dramatically