Question 1

True or false: The Black Tuesday (Wall Street Crash) is widely regarded as the start of the Great Depression.

Accepted Answer

True. Though underlying economic weaknesses existed, the crash triggered a decade-long global downturn known as the Great Depression.

Question 2

True or false: The Black Tuesday (Wall Street Crash) occurred on October 29, 1929.

Accepted Answer

True. Black Tuesday is historically recorded as October 29, 1929, when the Dow Jones Industrial Average collapsed after days of panic.

Question 3

True or false: The Black Tuesday (Wall Street Crash) was preceded by Black Thursday on October 24, 1929.

Accepted Answer

True. Black Thursday experienced the first major selling wave, though the worst losses came on Black Tuesday. Both days are key to the crash.

Question 4

True or false: The Black Tuesday (Wall Street Crash) was the largest single-day percentage drop in U.S. stock market history.

Accepted Answer

False. That record belongs to Black Monday in 1987, when the Dow fell over 22%. Black Tuesday's drop was about 12%.

Question 5

True or false: The Black Tuesday (Wall Street Crash) saw the Dow Jones Industrial Average fall by approximately 12%.

Accepted Answer

True. On October 29, 1929, the Dow fell 30.57 points, a decline of about 11.7%, commonly remembered as approximately 12%, marking one of the worst single-day drops in history.

Question 6

True or false: The Black Tuesday (Wall Street Crash) forced the New York Stock Exchange to close for two weeks.

Accepted Answer

False. The NYSE remained open throughout the crash, though trading was chaotic. No extended closure occurred during that period.

Question 7

True or false: The Black Tuesday (Wall Street Crash) was triggered by a rumor that President Hoover had a heart attack.

Accepted Answer

False. No such rumor caused the crash. It resulted from overvaluation, margin calls, and panic selling, not a medical event.

Question 8

True or false: The Black Tuesday (Wall Street Crash) was caused by the Smoot-Hawley Tariff Act passed in 1929.

Accepted Answer

False. Smoot-Hawley was signed into law in June 1930, months after the crash. It worsened the Depression but did not cause the crash.

The Black Tuesday (Wall Street Crash) Trivia Questions