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