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AP Success - AP US History: Prelude to Great Depression in the 1920s

Source 1

"How many Americans actually held stock on margin during the fabulous summer of 1929 there seems to be no way of computing, but there were probably more than 1,000,000. As one walked up the aisle of the 5:27 commuters' local, or found one's seat in the trolley, two out of the three newspapers were open to the stock-market quotations. Branch offices of big Wall Street houses blossomed in cities and villages everywhere. The broker found himself regarded with new wonder and esteem; ordinary people hung upon his every word."

"The Big Stock Market Crash," Frederick Lewis Allen, 1946

Question 1

Multiple choice

According to Frederick Lewis Allen, which of the following best describes the public attitude towards the stock market during the summer of 1929?

Question 2

Multiple choice

The practice of buying stock 'on margin' during the 1920s is best described as:

Question 3

Multiple choice

The proliferation of branch offices of Wall Street firms in the 1920s suggests which of the following about the stock market?

Question 4

Multiple choice

Frederick Lewis Allen's observation that the broker was 'regarded with new wonder and esteem' indicates which of the following about the period?

Question 5

Multiple choice

The reference to 'the 5:27 commuters' local' and 'the trolley' in Allen's account is indicative of which broader historical trend of the 1920s?

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