Are today's economic woes going to spiral us into another one? We wouldn't touch that issue with a 10-foot pole, frankly -- so we're just going to stick with history for this quiz. Can you separate Great Depression fact from fiction?
Nope. It was obviously a very complex situation, and the United States certainly wasn't the only country having economic trouble, but the Depression did originate in the States.
True. After a peak in September, the market had been heading downhill for weeks and finally crashed on \"Black Thursday,\" October 24. The collapse continued, and the next Tuesday was when people really started to panic and get out of the market.
Yes, the president of the Stock Exchange used the banks' money to buy up the stocks at inflated prices. It didn't work.
The Soviets had plenty of problems during this period, but because the country was basically cut off from the rest of the world, its issues weren't really related to the Great Depression.
The unemployment rate hit its peak in 1933 -- but it was \"only\" 25 percent.
That's right about the \"Hooverville\" thing. But St. Louis actually had the biggest one, with about 1,000 residents.
D'oh. It was the Joads, not the Clampetts from \"Beverly Hillbillies.\"
Yes, FDR started off in 1933 by reworking the economy, and then in 1935 the \"Second New Deal\" focused on job creation.
The upswing in manufacturing that came with the United States' entry into WWII is what finally brought the country out of the Depression.
It was 25 years before the Dow got back up to 1929 numbers -- so that was in 1954.