Name:



Name: ________________________ U.S. History I

Date: _________________________ Mr. Melhorn

Period: ________

Chapter 22 The Stock Market Crash and Great Depression Book Quiz

1. What was the life expectancy for men in 1920? __________ -for women? _________

2. How much did stock values rise in 1928 alone? ______________________________

3. By early October 1929, stock values hit $_____ billion.

4. Since 1914, the value of workers’ wages had risen more than ________ percent and unemployment average below _______ percent.

5. In 1929, ________ large companies controlled _______ percent of American Industry.

6. In 1929, the richest Americans- 24,000 families, or just 0.1 percent of the population- had incomes of more than ____________________. They also held ________ percent of the country’s total savings.

7. 71 Percent of individuals and families earned less than ______________ a year.

8. What definition does the book give for speculation? ____________________________

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9. Buying on Margin allowed investors to purchase a stock for _____________________ of its price and borrow the rest.

10. What caused some businesses to slow down in the late 1920’s?

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11. Define the Dow Jones Industrial Average. __________________________________

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12. Complete this sentence:

Eager, nervous investors filled brokerage houses to catch the latest news coming in on the ticker tape. Prices for many stocks soared ______________________________

______________________ in terms of the company’s earnings and assets.

13. On Black Thursday, investors who had bought General Electric stock at $400 a share sold it for _______________ a share.

14. By November 13, the Dow Jones average had fallen from its September high of ___________ to _____________. Overall losses totaled _________ billion.

15. By 1929, about _______ million people out of a population of _______ million had invested in the stock market.

16. What did the Crash cause Henry Ford to do in 1931? __________________________

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17. How many unemployed were there in 1932? _______________________________

18. The Gross National Product was _____________________ in 1929, compared to ____________________ in 1933.

19. Why did banks have to close? ____________________________________________

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20. By 1933, the money from __________ million savings accounts had vanished.

21. In 1931 alone, census takers estimated the homeless in New York City alone at _______________________.

22. What were Hoovervilles? ________________________________________________

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23. How did the depression hurt farming? ______________________________________

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24. What was the Dust Bowl? _______________________________________________

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25. Finish this paragraph from page 642.

In the country, people grew food and ate ___________________________ plants. In cities, they sold apples and pencils, ____________________________________, and fought over the contents of _________________________________________. Families who had land planted “relief gardens” to fed themselves or to barter food for other items.

26. Black Unemployment soared to about ________ percent in 1932.

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