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The Great Crash, 1929 by John Kenneth Galbraith - Test
  • 1. What year did the Great Crash occur?
A) 1933
B) 1928
C) 1929
D) 1932
  • 2. Who authored 'The Great Crash, 1929'?
A) Ernest Hemingway
B) John Kenneth Galbraith
C) F. Scott Fitzgerald
D) John Steinbeck
  • 3. What was the primary economic event discussed in Galbraith's book?
A) Stock market crash
B) Great Depression
C) Economic boom
D) World War I
  • 4. How did Galbraith describe the stock market prior to the crash?
A) Government controlled
B) Stable environment
C) Economic recession
D) Speculative bubble
  • 5. The Great Crash contributed significantly to which future economic event?
A) Great Depression
B) Economic recovery
C) Post-war boom
D) Industrial expansion
  • 6. What impact did the Great Crash have on banks?
A) Many banks failed
B) Banks became richer
C) Banks introduced new loans
D) Banks expanded their services
  • 7. In his analysis, Galbraith highlights the role of which group during the crash?
A) Politicians
B) Investors
C) Speculators
D) Bankers
  • 8. Which market event is famously linked to the Great Crash of 1929?
A) Black Tuesday
B) Black Monday
C) Black Friday
D) Red Tuesday
  • 9. How did most Americans respond to the stock market crash?
A) Joy and celebration
B) Calm acceptance
C) Panic and fear
D) Increased investment
  • 10. What does Galbraith blame for poor economic policies prior to the crash?
A) Consumer confidence
B) Global trade agreements
C) Too much government intervention
D) Lack of regulation
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