AnswersTX-US History Studies Since 1877 B-RunnelsTurning Points in Europe

Boom and Bust Answers

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1
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What were stockbrokers busy doing on Sunday, October 27, 1929?

A
cleaning up the trash around their offices
B
strolling from street to street trying to adjust orders
C
putting orders in their books and trying to catch up on clerical work
2
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Why did brokers have to work on Sunday?

A
Friday had been a holiday, so many people were forced to work to make up lost time.
B
The market was always open on Sundays during the month of October.
C
The market had been through a record-breaking week the week before, so brokers were trying to get caught up before Monday.
3

Which statement from the article shows that people believed that the drop in the market was an anomaly?

A
"Bankers and brokers strove to put their houses in order."
B
"The conductors graphically pointed out, 'where all that money was lost last week."
C
"The hysteria of last Thursday had passed as quickly as it developed."
4

According to the second section, "Market Leaders Hard Hit," why was it significant that stocks like United States Steel, General Electric, and Western Union were so hard hit by the drop?

A
These companies were among the country's strongest stocks.
B
These companies were a bit unstable, always leading the way up or down.
C
These companies helped establish the stock market, so their stocks had special importance.
5

about four daysa little more than two monthsabout three years

A
about four days
B
a little more than two months
C
about three years
6

No one could agree on the effects of the fluctuations.Most people thought that this was a good time to buy stock.Experts believed that the market had already made up for its earlier losses.

A
No one could agree on the effects of the fluctuations.
B
Most people thought that this was a good time to buy stock.
C
Experts believed that the market had already made up for its earlier losses.

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