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Causes of the Great Depression

Quiz by Kyle Walker

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10 questions
Show answers
  • Q1
    What was “Black Tuesday”?
    October 29, 1929, which is when the farmers of Iowa went on a crop strike.
    October 29, 1929, which is when the stock market crashed.
    October 29, 1929, which is when Herbert Hoover was elected president.
    October 29, 1929, which is when the New Deal went into effect.
    30s
  • Q2
    Which of the following was not one of the factors leading up the Great Depression?
    Uneven distribution of wealth in America
    People living on credit
    Hoboes riding the railways to find jobs in big cities
    Overproduction of consumer goods
    30s
  • Q3
    What does it mean to “buy stock on margin”?
    Buying and selling a lot of stock in a short period of time
    This is when you buy stock but you only pay a small percent of the cost and borrow the rest from the bank.
    This is when you buy a lot of stock and pay for it all with U.S. savings bonds
    This is when you buy stock and sell it before the price changes.
    30s
  • Q4
    One problem of buying on margin was that if the stock price______________________the consumer would go into heavy amounts of __________________.
    Rose, debt
    Fell, profit
    Rose, profit
    Fell, debt
    30s
  • Q5
    Buying and selling stocks on the chance that they might make a quick profit and ignoring the risks is called…
    Speculation
    Black Tuesday
    Credit
    Buying on Margin
    30s
  • Q6
    When people invested in the stock market, they would only make money if they ____________ their stocks for_______________than they paid for them.
    Sold, less
    Sold, more
    Kept, less
    Kept, More
    30s
  • Q7
    What is the problem with “Bank Runs”?
    When many people deposit money into one or more banks, the bank gets overloaded and runs out of room to store the excess money.
    When banks are closed no one can withdraw their money which creates a shortage of funds.
    When many people run to the bank at the same time, they often run into each other on the sidewalk which causes mass riots.
    When too many people withdraw from unsound banks, the bank does not have enough money to cover the withdrawals and goes out of business.
    30s
  • Q8
    How could buying too much stuff on credit cause problems for American consumers?
    People buy too much stuff and have to buy storage units to hold all of their purchases.
    People buy more than they can afford and get overrun by debt and credit problems
    There is no problem with installment plans, and everyone should be thankful for them.
    Men have trouble installing the new equipment they purchase which causes problems.
    30s
  • Q9
    When America raised its tariffs, what did the countries of Europe do?
    When the Us raised their tariffs, other countries lowered them to compete
    Other countries raised their tariffs as well which made foreign trading go down
    Other countries traded more with the United States because of the new tariffs
    Other countries borrowed money from the US to help pay for the new tariffs
    30s
  • Q10
    The stock market crash was the only cause of the Great Depression
    True
    False
    30s

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