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help about American Economy.

The crawler

The most famous stock market crash occurred on

October 29, 1929. During the 1920s the value of the

US economy increased to record levels as corporations

selling new inventions like the telephone and radio,

and ﬁnancial corporations offering substantial returns

for investments, were invested in heavily by everyone

from businessmen to taxi drivers. However, in the

summer of 1929, when the economy started to shrink,

stock prices also began to decline. On October 29, also

known as ‘Black Tuesday’, the Dow Jones Industrial

Average dropped over 12% and by November 11 the

value of the US stock market had fallen 40% since its

peak in September. The subsequent Great Depression

saw widespread bankruptcy and unemployment across

the US.

According to the article, why did the US economy experience a boom in the twenties?

· Everyone had a lot of money.

· People were not getting a return on their investments.

· The stock market was experiencing a crash.

· There were new products to sell and rapid investment.

Put the key events in the correct order.

· boom - shrink - crash - depression

· crash - depression - shrink - boom

· depression - boom - crash - shrink

· shrink - boom - crash - depression

Why was October 29, 1929, called 'Black Tuesday'?

· It was the day on which the economy recovered.

· It was the last day of the stock market crash.

· The economy fell more than 40% in one day.

· The market fell more than 12% in one day.

How long did it take for the economy to drop by 40%?

· 1 month

· 1 year

· 12 days

· 2 months

What does the article say happened during the Great Depression?

· Banks went under and people found jobs.

· Businesses went under and people lost their jobs.

· People invested money and started businesses.

· People lost 40% of their earnings.

Reply 1

tory88

What are you stuck on? It's not the policy of this forum to just give answers - what have you done so far?

There are some options in each question which you can eliminate immediately, as they make no sense. For instance "Why did the economy experience a boom" cannot be "people were not getting a return on their investments". So eliminate these and see where you can go from there.