Q 01/05

What name is given to the burst of New Deal legislation passed in spring 1933?

A) The Hundred Days

B) The Thousand Days

C) The Fifty Days

D) The Forty Days

Answer · why

A) The Hundred Days

The Hundred Days ran from 9 March to 16 June 1933, when Congress passed fifteen major laws, beginning with the Emergency Banking Act.

Q 02/05

By what name is 29 October 1929, the most infamous day of the crash, remembered?

A) Black Friday

B) Black Monday

C) Black Thursday

D) Black Tuesday

Answer · why

D) Black Tuesday

Black Tuesday, 29 October, saw a record 16.4 million shares traded; Black Thursday (24 October) and Black Monday (28 October) had preceded it.

Q 03/05

At the depth of the Depression in 1933, roughly what share of the US workforce was unemployed?

A) 10%

B) 15%

C) 25%

D) 20%

Answer · why

C) 25%

Even in 1940, with war orders arriving, the rate was still around 15 percent.

Q 04/05

The Dow Jones peaked at 381.17 in September 1929; where did it bottom out in July 1932?

A) 98.50

B) 41.22

C) 150.75

D) 210.30

Answer · why

B) 41.22

The Dow closed at 41.22 on 8 July 1932, an 89 percent loss from its peak of 381.17 less than three years earlier.

Q 05/05

How many years did it take the Dow Jones to climb back to its September 1929 peak?

A) 25

B) 30

C) 40

D) 50

Answer · why

A) 25

The milestone finally came on 23 November 1954, in a very different America.