AnswersEAP-Virginia and US History B CRRoaring Economy to Great Depression

Roaring Economy to Great Depression Answers

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1
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What were stockbrokers busy doing on Sunday, October 27, 1929?

A
cleaning up the trash around their offices
B
strolling from street to street trying adjust orders
C
putting orders in their books and trying to catch up on clerical work
2
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What event made it necessary for brokers to work on Sunday?

A
Friday had been a holiday, so many people were forced to work to make up lost time.
B
The market was always open on Sundays during the month of October.
C
The previous week had been a record-breaking week for the market and brokers were trying to get caught up before Monday.
3

Which phrase from the article shows that people believed the drop in the market was an anomaly?

A
"bankers and brokers strove to put their houses in order"
B
"conductors graphically pointed out, 'where all that money was lost last week'"
C
"the hysteria of last Thursday had passed as quickly as it developed"
4

According to the second section, “Market Leaders Hard Hit,” why was it significant that stocks like United States Steel, General Electric, and Western Union were hit so hard by the drop?

A
Those companies were among the country’s strongest stocks.
B
Those companies were a bit unstable, always leading the way up or down.
C
Those companies helped establish the stock market, so their stocks had special importance.
5

Stockbrokers who still had profits on their books were afraid their profits would disappear.Stockbrokers who had losses were afraid those losses might get larger.Bankers had a chance to create a pool of money to support the market.Investors decided to get out of the market.

A
Stockbrokers who still had profits on their books were afraid their profits would disappear.
B
Stockbrokers who had losses were afraid those losses might get larger.
C
Bankers had a chance to create a pool of money to support the market.
D
Investors decided to get out of the market.
6

Based on what you have read and learned, which of the following factors could have contributed to the 1929 Stock Market Crash?

A
Stockbrokers and others were unable to pay their margin debts.
B
Major banks took no steps to help the market.
C
A general loss of confidence in the stock market occurred.
7

No one could agree on the effects of the fluctuations.Most people thought this was a good time to buy stock.Experts believed the market had already made up for its earlier losses.

A
No one could agree on the effects of the fluctuations.
B
Most people thought this was a good time to buy stock.
C
Experts believed the market had already made up for its earlier losses.
8

about four days a little more than two monthsabout three years

A
about four days
B
a little more than two months
C
about three years
9

Based on what you have learned about the Stock Market Crash of 1929, which of the following might help you spot another stock market crisis?

A
Consumers demonstrate a loss of confidence in the stock market.
B
Stock prices show a small growth over a few days.
C
Many shareholders buy stocks on margin.
D
The value of the stock market drops twenty percent in a single day.

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