Question

directions - complete the following questions about the great depressions using the history.com website using this link: http://www.history.com/topics/great-depression. there, you will see several articles, about the great depression. you may read as many as you choose, but most of your answer will be found in the articles titled “great depression history,” “hoovervilles,” and “bank run.” and remember, it’s called a “quest,” which means you have to look far and wide for your answers as you go on an adventure 😊 1. during what years did the great depression occur? 2. what name was given to the years leading up to the great depression? describe what was happening during this time. 3. on october 24, 1929, a record 12.9 million shares of stock were traded on a day that became better known as “____________________.” 4. five days later, on “____________________,” another 16 million shares were traded after another wave of panic swept wall street. 5. explain what happened “in the wake of” (after) the stock market crash of 1929.

Explanation:

1. The Great Depression lasted from 1929 - 1939, starting with the stock - market crash in 1929.
2. The years leading up to the Great Depression were known as the Roaring Twenties, a time of economic prosperity, consumerism, and cultural change in the U.S.
3. October 24, 1929, is known as Black Thursday, marking the start of the stock - market crash.
4. Five days after Black Thursday, on October 29, 1929, known as Black Tuesday, another wave of panic led to massive stock trading.
5. After the 1929 stock - market crash, banks failed, businesses closed, unemployment soared, and there was a widespread economic downturn.

Answer:

1. 1929 - 1939
2. The Roaring Twenties. There was economic prosperity, growth in consumerism, and cultural changes such as the rise of jazz and new social norms.
3. Black Thursday
4. Black Tuesday
5. Banks failed, businesses went bankrupt, unemployment skyrocketed, and there was a severe economic downturn across the country.