What happened to house prices in the USA after 1926?
Increased dramatically
Increased gradually
Decreased
Why did demand for consumer goods fall by 1929?
Not all Americans could afford the new goods
Nobody wanted the new goods
The new goods were not good quality
How did European countries react to the Fordney-McCumber Tariff Act?
Imposed a tax on American goods
Decreased tax on European goods
Allowed free shipment of goods to the USA
What was a short term reason for the sudden end of prosperity in 1929?
Overproduction in industry
Overproduction in agriculture
Overspeculation
What does buying shares 'on the margin' mean?
Buying risky shares that might not be profitable
Buying shares unofficially
Borrowing money to buy shares, and selling them when they're worth more
How is 24 October 1929 better known?
Black Thursday
The Wall Street Crash
The Great Depression
How many shares were sold at very low prices on 29 October 1929?
12 million
16 million
20 million
How many Americans were out of work by the end of 1929?
2.5 million
5.5 million
7.5 million
How many people had invested in the stock market by 1929?
4 million
40 million
Banks had limited regulations before 1929. What does this mean?
There were only a few rules to follow to run a bank
It was difficult to set up a bank because there were many rules and regulations
Bank owners had to have money to pay people their savings if they wanted it back