Q 01/05

Roughly how many shares traded on 'Black Tuesday', 29 October 1929, the worst day of the crash?

A) 16.4 million

B) 1.6 million

C) 6.4 million

D) 64 million

Answer · why

A) 16.4 million

About 16.4 million shares changed hands on Black Tuesday, 29 October 1929, beating the record of 12.9 million set on Black Thursday five days earlier.

Q 02/05

In which year did the Dow Jones Industrial Average finally regain its 1929 pre-crash peak?

A) 1941

B) 1948

C) 1954

D) 1961

Answer · why

C) 1954

The Dow first closed above its 3 September 1929 peak of 381.17 on 23 November 1954, more than 25 years after the crash.

Q 03/05

Which flower was at the centre of what is generally called the first recorded speculative bubble?

A) Rose

B) Orchid

C) Tulip

D) Lily

Answer · why

C) Tulip

The Dutch mania peaked in the winter of 1636-37, when a single rare bulb could fetch more than ten times a skilled artisan's annual income.

Q 04/05

In which year did the Dutch flower-bulb bubble burst?

A) 1602

B) 1637

C) 1694

D) 1720

Answer · why

B) 1637

Prices collapsed in February 1637; the Semper Augustus bulb had changed hands for about 10,000 guilders, roughly the price of a grand Amsterdam canal ...

Q 05/05

On Black Monday, 19 October 1987, the Dow Jones fell 508 points, roughly what percentage in a single day?

A) 22.6%

B) 25.6%

C) 32.6%

D) 42.6%

Answer · why

A) 22.6%

The Dow lost 508 points, or 22.6%, on 19 October 1987, the largest one-day percentage drop in the index's history to that point, amid crashes in futur...