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Quiz about The Wall Street Crash of 1929
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.
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Author
urlybird
Time
5 mins
Type
Multiple Choice
Quiz #
271,085
Updated
Dec 03 21
# Qns
10
Difficulty
Tough
Avg Score
5 / 10
Plays
1584
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


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


Question 3 of 10
3. Who was president of the United States on October 29, 1929? Hint


Question 4 of 10
4. The stock market crash of 1929 occurred on: Hint


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


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


Question 7 of 10
7. What was the headline in Hollywood's most popular trade paper "Variety", on October 30, 1929? Hint


Question 8 of 10
8. After October 29 the DOW finally hit bottom: Hint


Question 9 of 10
9. After the crash of 1929 when did the DOW recover its pre-crash peak? Hint


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



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Quiz Answer Key and Fun Facts
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?

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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