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Questions and Answers
What was one consequence of banks declaring bankruptcy during this period?
What was one consequence of banks declaring bankruptcy during this period?
Which factor contributed to the widespread unemployment following the bank failures?
Which factor contributed to the widespread unemployment following the bank failures?
Who was elected in 1932 as a response to the economic situation?
Who was elected in 1932 as a response to the economic situation?
What was the initial reaction of clients when they found out about the banks' financial troubles?
What was the initial reaction of clients when they found out about the banks' financial troubles?
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Which economic theory did F.D. Roosevelt follow after his election?
Which economic theory did F.D. Roosevelt follow after his election?
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What led to the downward spiral in the economy during this period?
What led to the downward spiral in the economy during this period?
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What impact did the stock market investments by banks have on their stability?
What impact did the stock market investments by banks have on their stability?
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What did companies have to do as a result of decreased demand after the crash?
What did companies have to do as a result of decreased demand after the crash?
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What major economic event occurred in October 1929?
What major economic event occurred in October 1929?
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What was a significant consequence of the US economy's growth in the 19th century?
What was a significant consequence of the US economy's growth in the 19th century?
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Which political ideology did the Republican administration in the 1920s support regarding the economy?
Which political ideology did the Republican administration in the 1920s support regarding the economy?
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What problem was increasingly affecting farmers towards the end of the 1920s?
What problem was increasingly affecting farmers towards the end of the 1920s?
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What was one impact of the Great War on the American economy in the 1920s?
What was one impact of the Great War on the American economy in the 1920s?
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During the 1920s, how did the American public generally view the economy?
During the 1920s, how did the American public generally view the economy?
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What adverse trend was notable in sectors like agriculture as the economy expanded in the 1920s?
What adverse trend was notable in sectors like agriculture as the economy expanded in the 1920s?
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What led companies to go public in the 1920s?
What led companies to go public in the 1920s?
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What event in February 1917 signified the downfall of the tsar in Russia?
What event in February 1917 signified the downfall of the tsar in Russia?
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Which leadership decision contributed to the chaos in Russia after the tsar's abdication?
Which leadership decision contributed to the chaos in Russia after the tsar's abdication?
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What was one of the main reasons for the desperate need for land reform in Russia during the 1917 revolution?
What was one of the main reasons for the desperate need for land reform in Russia during the 1917 revolution?
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Who proposed an immediate end to World War I and land reforms as part of the Bolshevik agenda?
Who proposed an immediate end to World War I and land reforms as part of the Bolshevik agenda?
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What was the nature of the civil war in Russia from 1918 to 1921?
What was the nature of the civil war in Russia from 1918 to 1921?
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How did the Bolshevik party gain control of the government during the civil war?
How did the Bolshevik party gain control of the government during the civil war?
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What method did the Bolshevik government implement to manage agricultural production?
What method did the Bolshevik government implement to manage agricultural production?
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What was the result of the February 1917 revolution?
What was the result of the February 1917 revolution?
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What role did big businesses play in the rise of fascism in Italy?
What role did big businesses play in the rise of fascism in Italy?
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What did workers in Italy create to express their ideas?
What did workers in Italy create to express their ideas?
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What was a significant action taken by Mussolini to gain power in Italy?
What was a significant action taken by Mussolini to gain power in Italy?
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What was the result of the King of Italy's decision to make Mussolini prime minister?
What was the result of the King of Italy's decision to make Mussolini prime minister?
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What tactic did fascists use to undermine political opposition in Italy?
What tactic did fascists use to undermine political opposition in Italy?
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What was one of the consequences of the League of Nations' failure?
What was one of the consequences of the League of Nations' failure?
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What was a key feature of Italy under fascist rule by January 1925?
What was a key feature of Italy under fascist rule by January 1925?
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What significant action did Hitler take in 1933?
What significant action did Hitler take in 1933?
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How did propaganda influence people's perception of the fascist regime?
How did propaganda influence people's perception of the fascist regime?
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How did France respond to Germany's remilitarization of the Rhineland in 1936?
How did France respond to Germany's remilitarization of the Rhineland in 1936?
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What was the justification used by Britain for not sending help to France in the face of German aggression?
What was the justification used by Britain for not sending help to France in the face of German aggression?
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What was the initial public reaction to the rise of the fascist party in Italy?
What was the initial public reaction to the rise of the fascist party in Italy?
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What was the significance of the Anschluss in 1938?
What was the significance of the Anschluss in 1938?
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What was Germany's military strategy when troops were sent to the Rhineland?
What was Germany's military strategy when troops were sent to the Rhineland?
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Which military capability did Hitler focus on developing upon coming to power?
Which military capability did Hitler focus on developing upon coming to power?
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What mindset did French generals hold regarding potential conflicts with Germany?
What mindset did French generals hold regarding potential conflicts with Germany?
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What strategy did Hitler employ after taking over Austria?
What strategy did Hitler employ after taking over Austria?
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What was the reaction of the Czechoslovakians to Hitler's demands regarding the Sudetenland?
What was the reaction of the Czechoslovakians to Hitler's demands regarding the Sudetenland?
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Which leaders were present at the Munich meeting to discuss Czechoslovakia's situation?
Which leaders were present at the Munich meeting to discuss Czechoslovakia's situation?
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What was the perceived effect of the Munich Agreement on Hitler's ambitions?
What was the perceived effect of the Munich Agreement on Hitler's ambitions?
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What did people hope would result from the concessions made in Munich?
What did people hope would result from the concessions made in Munich?
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How did the British Prime Minister perceive the situation regarding preparations for war?
How did the British Prime Minister perceive the situation regarding preparations for war?
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What was the general sentiment in Britain following the Munich Agreement?
What was the general sentiment in Britain following the Munich Agreement?
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What did the military's presence during the Austrian referendum imply?
What did the military's presence during the Austrian referendum imply?
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Study Notes
The Wall Street Crash of 1929
- The Wall Street crash of 1929 was a major crisis affecting stock values in the US.
- The 1920s saw rapid economic growth in the US, unlike Europe which had suffered from WWI.
- The US led in industrial production, and optimism was high for the future of the economy.
- However, the American economy had issues: limited consumer base, saturation of markets, and struggling farmers.
Causes of the Crash
- Over-expansion of the US economy, including the stock market.
- Stock prices significantly exceeding the actual value of companies.
- Over-investment in stocks fuelled by speculation, with investors buying shares with borrowed money.
- Lots of companies borrowed a lot of money leading to high profit for the banks.
- Banks invested heavily in stocks. When prices fell, banks lost substantial funds.
- Many people lost their investment and savings, who relied on their savings to live after retirement.
- Farmers struggled to pay back loans on expensive machinery (due to decrease in prices).
- Leading to a decline in consumer spending.
Consequences of the Crash
- Banks failed and many people lost their life savings.
- Businesses closed and unemployment rose dramatically, affecting nearly a quarter of the population.
- Reduced consumer spending and overall economic slowdown impacted industrial sectors.
- The economy spiralled downwards with decreased production and layoffs.
- Reduced demand for goods increased pressure for more layoffs.
- A widespread downward spiral in the United States.
- It had consequences in other countries as they were linked to the US economy.
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Description
This quiz explores the events leading up to and the causes of the Wall Street Crash of 1929. Understand the economic conditions in the 1920s and the factors that contributed to this significant financial crisis in the United States. Analyze the impact on various sectors and its lasting ramifications on the economy.
