Black Tuesday Multiple Choice: Select the choice that completes the statement or answers the question. 1. Which of the following statements is inaccurate? The American Stock Exchange is located on...

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Extracted text: Black Tuesday Multiple Choice: Select the choice that completes the statement or answers the question. 1. Which of the following statements is inaccurate? The American Stock Exchange is located on Wall Street in New York City. b. a. The Dow Jones Industrial Average shows how small businesses are performing on the stock exchange. If the Dow Jones average goes up, this means that corporations are prosperous, and their shareholders are making money. If the Dow Jones average goes down, this means that many of the corporations are facing economic hardships. с. d. 2. Which of the following best summarizes stock market activity in 1929? The stock market continued to go up steadily throughout the year. а. b. The stock market continued to go down steadily throughout the year. The stock market experienced major fluctuations as investors bought and sold sporadically. d. с. The stock market was slow at first, but improved after experts predicted good things during the summer months. 3. Which of the following best summarizes what caused an 11% drop in the stock market on October 24, 1929? There was heavy trading, with many choosing to sell their stocks and get out of the market. b. а. The president announced that he no longer had faith in the American economy. General Motors, one of the biggest corporations of the decade, announced it was closing several factories. с. d. Several large financial institutions had just closed down, spelling doom for the American econom 4. Which of the following best explains why Tuesday, October 29, 1929 is remembered as Black Tuesday? The worst dust storm in American history occurred on that day. One of the worst race riots in American history occurred on that day. The stock market lost more than $30 billion in value. а. b. с. d. 5,000 banks closed that day, and millions of people lost all of their money. 5. Which of the following best summarizes the effects of the stock market crash? The American economy never fully recovered, and the nation is still experiencing hardships today b. а. Investors lost faith in the American economy, causing major economic difficulty for more than a decade. The nation experienced great difficulty for more than a year, but recovered fully by 1931. d. с. There was very little impact, and the markets recovered quickly.