American Institute of Certified Planners (AICP) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Discover strategies to excel in the AICP Exam. Use flashcards and multiple-choice questions with hints and explanations. Gain confidence and readiness for your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

In what year did the stock market crash that contributed to the Great Depression?

1928
1929
1930
1931

The correct answer is: 1929

The stock market crash that significantly contributed to the onset of the Great Depression occurred in 1929. This event started with a series of declines in the stock market during late October, most notably the catastrophic crash on October 29, also known as Black Tuesday. The crash led to a loss of confidence in the economy, wiping out millions of investors and drastically affecting the financial health of businesses and banks. This crash is considered a key event that triggered the Great Depression, which lasted throughout the 1930s. The economic fallout resulted in widespread unemployment and financial instability, setting the stage for this pivotal moment in American history. It is essential to recognize the context and significance of 1929 as it marks the turn of a prosperous decade into a period of deep economic crisis.