One part of GCSE History is the history of the USA between 1840 and 1975. The 1920s is one aspect of this topic looked at in great detail. This is the third of three quizzes on 1920s America and it looks in particular at the Wall Street Crash of 1929 which led to the Great Depression of the 1930s.
Wall Street was the centre of finance in the USA but when the New York Stock Exchange spiralled out of control in October 1929, investors saw the price of shares crash to new lows and many small investors were ruined. The immediate effects included bank closures, reduced production and factory closures - leading to a massive rise in unemployment and the start of the Great Depression.
Discover more about the Wall Street crash and the Great Depression in this quiz.
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You can find more about this topic by visiting BBC Bitesize - The USA: A nation of contrasts, 1910-1929
In 1929 share speculation intensified, but at the first sign of mass selling, panic set in. Prices crashed as investors struggled to sell their shares
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The share index is calculated on a daily basis, and normally it would gain or lose a small figure each day
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Hoover believed that it was best to leave well alone, and that things would sort themselves out independently
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Hoover hoped to discourage foreign exports so that domestic industry could sell to the home market without undue competition
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Hoover learnt that his name would grace projects whether he was responsible for them or not
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Few unemployed people had much confidence that their needs would be met
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By this time perhaps, Hoover was beginning to realise that the situation was more serious than he had thought
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Multiply this figure by 4 or 5, and you get some idea of the total number of people caught up in the situation
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MacArthur believed that the marches were organised by the American Communist Party, and he cleared their encampments with a certain enthusiasm
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The farm problem had been a severe one since before the Crash. Here again, Hoover was relenting under great pressure
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