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