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Quiz about The Wall Street Crash of 1929

The Wall Street Crash of 1929 Trivia Quiz

You won't hear much about this from your stockbroker. Don your crash helmet, take this quiz and see why.

A multiple-choice quiz by urlybird. Estimated time: 5 mins.

Author
urlybird

Time
5 mins

Type
Multiple Choice

Quiz #
271,085

Updated
Dec 03 21

# Qns
10

Difficulty
Tough

Avg Score
5 / 10

Plays
1593

Question 1 of 10

1. Decades before the stock market crash of 1929, a certain quotable notable said this: "October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February." Who was it? Hint

Karl Marx

Mark Twain

John D. Rockefeller

Eddie Murphy (expletives have been deleted)

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Question 2 of 10

2. A popular belief about the aftermath of the 1929 crash holds that scores of distraught Wall Streeters leaped from open windows to their deaths. Is this true? Hint

Yes. There are several photos in the Wall Street Museum showing the streets of lower Manhattan littered with well-dressed bodies.

No. It's a popular myth with little evidence to support it.

It's only partially true. They didn't actually jump. Their clients pushed them.

No one knows for sure.

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Question 3 of 10

3. Who was president of the United States on October 29, 1929? Hint

Herbert Hoover

FDR

Calvin Coolidge

A distant relative of George W. Bush

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Question 4 of 10

4. The stock market crash of 1929 occurred on: Hint

Black Monday

All of these

Black Thursday

Black Tuesday

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Question 5 of 10

5. In July 2007 the Dow Jones Industrial Average (DOW) closed above 14,000 for the first time. On September 3, 1929, the DOW reached its pre-crash peak. What was it? Hint

958

381

543

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Question 6 of 10

6. When the DOW finally hit bottom it had lost a hefty chunk of its pre-crash value. How much did it lose? Hint

A lot less than most people think, because the media blew the whole thing out of proportion

About half its value

Nearly 90%

About one-third of its value

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Question 7 of 10

7. What was the headline in Hollywood's most popular trade paper "Variety", on October 30, 1929? Hint

Wall Street Flops

Wall Street Lays an Egg

Wall Street Takes a Dive

Wall Street Heads South

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Question 8 of 10

8. After October 29 the DOW finally hit bottom: Hint

A few weeks later in mid-November

Just before the Christmas rally of 1931

Early in January of 1930

Almost three years later in July 1932

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Question 9 of 10

9. After the crash of 1929 when did the DOW recover its pre-crash peak? Hint

December 1946

March 1935

November 1954

April 1939

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Question 10 of 10

10. Which of the following was NOT a step taken by the federal government in the wake of the 1929 crash and the Great Depression that followed? Hint

The Wall Street Windows Act of 1931, which forbad moveable window sashes on all buildings over two stories

All U.S. banks were closed until the Comptroller of the Currency had verified their soundness

The Glass-Steagall Act, which separated financial companies by type of business

The Federal Deposit Insurance Corporation was created

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Quiz Answer Key and Fun Facts

Answer: Mark Twain

It proved a prescient quote. The stock market crashes of 1929 and 1987 occurred in October.

2. A popular belief about the aftermath of the 1929 crash holds that scores of distraught Wall Streeters leaped from open windows to their deaths. Is this true?

Answer: No. It's a popular myth with little evidence to support it.

John Kenneth Galbraith actually researched suicide rates from that era. He found no spike after the crash. Although some suicides were surely spawned by the collapse in stock prices, don't bother searching the web for lurid pictures.

3. Who was president of the United States on October 29, 1929?

Answer: Herbert Hoover

Talk about bad timing! Poor Hoover had just taken the oath of office in March.

4. The stock market crash of 1929 occurred on:

Answer: All of these

The 1929 crash was a series of shocks that began with Black Thursday, October 24. The market attempted to rally on Friday only to resume its plunge the following week. By the end of Black Tuesday, October 29, only one word could describe the damage and that was "crash."

5. In July 2007 the Dow Jones Industrial Average (DOW) closed above 14,000 for the first time. On September 3, 1929, the DOW reached its pre-crash peak. What was it?

Answer: 381

Here are some of the companies that made up the Dow Jones Industrial Average in 1929: Chrysler, Sears, RCA, Woolworth, Bethlehem Steel, General Motors, International Harvester, Postum, Nash Motors, National Cash Register, Union Carbide, Westinghouse and Standard Oil (N.J.).

6. When the DOW finally hit bottom it had lost a hefty chunk of its pre-crash value. How much did it lose?

Answer: Nearly 90%

At rock bottom the DOW was down 89% from its pre-crash peak.

7. What was the headline in Hollywood's most popular trade paper "Variety", on October 30, 1929?

Answer: Wall Street Lays an Egg

Leave it to Hollywood to coin such a visually evocative phrase.

8. After October 29 the DOW finally hit bottom:

Answer: Almost three years later in July 1932

The DOW went through a rally phase after October, but for those who had enough money left to buy the dips, it got even worse. The ultimate bottom didn't come until July 1932.

9. After the crash of 1929 when did the DOW recover its pre-crash peak?

Answer: November 1954

The DOW took 25 years to recover. When today's brokers and advisors talk about market performance over the years, they tend to refer to the period AFTER World War II. Who can blame them?

10. Which of the following was NOT a step taken by the federal government in the wake of the 1929 crash and the Great Depression that followed?

Answer: The Wall Street Windows Act of 1931, which forbad moveable window sashes on all buildings over two stories

Ironically, some of the provisions put in place after the crash have been reversed or abandoned in recent years. For example, Glass-Steagall was repealed in 1999.

Source: Author urlybird

This quiz was reviewed by FunTrivia editor bloomsby before going online.
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