21:I[768050,["/_next/static/chunks/1q6lxqcj_waaq.js","/_next/static/chunks/253atym4pffpy.js","/_next/static/chunks/3f51dtfqg2ppu.js","/_next/static/chunks/1yo5uxjvjyrkl.js","/_next/static/chunks/0cc9asozgwxd9.js","/_next/static/chunks/0oe4jqg-7e8qu.js","/_next/static/chunks/131l51u7ab3o1.js","/_next/static/chunks/0018hduy69oa0.js","/_next/static/chunks/3wrhe-la7uv11.js","/_next/static/chunks/3q2l8k37nq2ze.js","/_next/static/chunks/361af9u-xs-fc.js","/_next/static/chunks/2mkcvkqg-yawb.js","/_next/static/chunks/1tet6dqxe-aht.js","/_next/static/chunks/3g1698ku69s2j.js","/_next/static/chunks/11e7j_ay4kwvt.js","/_next/static/chunks/2h5jxdhegc4re.js","/_next/static/chunks/0-3t5fzt10ckw.js","/_next/static/chunks/1sws_omw6dldt.js","/_next/static/chunks/44cbuwitvfzoh.js","/_next/static/chunks/17xvbrzdbmxg1.js","/_next/static/chunks/2-hdm7-w0l4ww.js","/_next/static/chunks/3o-qto5tdawgi.js","/_next/static/chunks/32wn91t_5u02r.js","/_next/static/chunks/0w61ecx4ym58o.js","/_next/static/chunks/1f0yzqpb74u1n.js","/_next/static/chunks/1dxvmrlyehvlc.js","/_next/static/chunks/3123qvs3tg8f1.js","/_next/static/chunks/3x0hxnadkspk9.js","/_next/static/chunks/1e2g8kf3eyzlf.js","/_next/static/chunks/2aitdtjk6s8o8.js","/_next/static/chunks/0p39f5bgthn6x.js","/_next/static/chunks/37v7km7k5l-a1.js","/_next/static/chunks/3wyut2vdlqxhf.js","/_next/static/chunks/27hgw3nhws1xz.js","/_next/static/chunks/30lid7eq6y7oz.js","/_next/static/chunks/1vuip103l-qvm.js","/_next/static/chunks/332jvrgl3ia6z.js","/_next/static/chunks/3tlhs7rb6z2x3.js","/_next/static/chunks/0eh86kp6qbf8b.js","/_next/static/chunks/1j2568tca3zyf.js","/_next/static/chunks/2b-r1f_2srqxh.js","/_next/static/chunks/1zgcdvq57xbc3.js","/_next/static/chunks/2tsaa4it8rjmb.js","/_next/static/chunks/0u16vg32jexlq.js","/_next/static/chunks/25vni5qklp59l.js","/_next/static/chunks/08uf41xh_i6cz.js","/_next/static/chunks/1uelbvuovbme8.js","/_next/static/chunks/0-wgr71am8eby.js","/_next/static/chunks/05znuxcb85ze1.js","/_next/static/chunks/1xi0ttvf5moed.js","/_next/static/chunks/2dtl0_t5clscp.js","/_next/static/chunks/443erezj2c4iw.js"],"default"] 20:Ta8e,{"@context":"https://schema.org","@type":"LearningResource","name":"The Great Crash, the Great Depression and the New Deal policies, 1920-41\n (a) Explain why the value of shares fell rapidly in the Great Crash. [10]\n (b) 'The depression of 1937-38 showed that the New Deal had failed.' How far do you agree?\n[20]","description":"The Great Crash, the Great Depression and the New Deal policies, 1920-41\n (a) Explain why the value of shares fell rapidly in the Great Crash. [10]\n (b) 'The depression of 1937-38 showed that the New Deal had failed.' How far do you agree?\n[20]","learningResourceType":"Practice Question","interactivityType":"active","educationalUse":"assessment","timeRequired":"PT3M","dateCreated":"2026-11-04T13:20:08.749712+00:00","dateModified":"2026-11-04T13:20:09.540345+00:00","educationalLevel":"A Levels","about":"US History","teaches":["Causes and impacts of the Great Depression","Roosevelt's New Deal policies"],"assesses":"Understanding of Causes and impacts of the Great Depression, Roosevelt's New Deal policies","credentialCategory":"A Levels US History","educationalAlignment":{"@type":"AlignmentObject","alignmentType":"educationalSubject","targetName":"US History - 2025 - CIE - F/M - 9489/22","educationalFramework":"A Levels"},"isPartOf":{"@type":"Course","name":"A Levels US History","identifier":"F/M - 9489/22","description":"Complete A Levels US History course with practice questions, detailed explanations, and performance tracking.","provider":{"@type":"Organization","name":"SudoStudy","url":"https://sudostudy.com"},"hasCourseInstance":{"@type":"CourseInstance","courseMode":"online","courseWorkload":"PT10H"},"offers":{"@type":"Offer","category":"Premium Access","price":"4.99","priceCurrency":"USD","availability":"http://schema.org/InStock"}},"hasPart":{"@type":"Question","text":"The Great Crash, the Great Depression and the New Deal policies, 1920-41\n (a) Explain why the value of shares fell rapidly in the Great Crash. [10]\n (b) 'The depression of 1937-38 showed that the New Deal had failed.' How far do you agree?\n[20]"},"provider":{"@type":"Organization","name":"SudoStudy","url":"https://sudostudy.com","logo":"https://sudostudy.com/logo.png","description":"An online learning platform providing practice questions and detailed explanations for A-Level / GCSE subjects"},"associatedMedia":[{"@type":"MediaObject","name":"Question Paper","contentUrl":"https://files.sudostudy.com/question_2025_F_M_9489_22_us_history.pdf","encodingFormat":"application/pdf"},{"@type":"MediaObject","name":"Answer Key","contentUrl":"https://files.sudostudy.com/answer_2025_F_M_9489_22_us_history.pdf","encodingFormat":"application/pdf"}]}22:T4f6,

The Great Crash, the Great Depression and the New Deal policies, 1920–41

(a) Explain why the value of shares fell rapidly in the Great Crash.

(b) ‘The depression of 1937–38 showed that the New Deal had failed.’ How far do you agree?

23:T17e3,{ "questionId": "331769", "parts": [ { "partId": "a", "markschemeText": "Explain why the value of shares fell rapidly in the Great Crash.\n\nIndicative content:\n• In the lead-up to the crash various companies had published weak results indicating that their share prices were significantly above asset value (especially public utilities). This meant that certain companies’ shares were seen as over-valued. The panic sale of shares was concentrated on these companies.\n• Public utility shares were difficult to value as share prices reflected the anticipated profit rather than the value of the company’s assets. Hence there was greater volatility in these shares.\n• There was nervousness among investors, especially inexperienced investors. There was a general opinion developing that shares had risen too rapidly and did not reflect the value of the companies. This applied to some areas of the market more than others. When the prices of shares on these companies began to drop, panic selling began.\n• Buying on the margin meant that companies in which investors had hoped to make a quick profit were more vulnerable to price fluctuations: when the price started to fall, it fell quickly, as shareholders needed to cover their debts.\n\nAccept any other valid responses.", "totalMarks": 10, "answerPoints": [ { "type": "", "point": "\n \n

Indicative content:

In the lead-up to the crash various companies had published weak results indicating that their share prices were significantly above asset value (especially public utilities). This meant that certain companies’ shares were seen as over-valued. The panic sale of shares was concentrated on these companies.
Public utility shares were difficult to value as share prices reflected the anticipated profit rather than the value of the company’s assets. Hence there was greater volatility in these shares.
There was nervousness among investors, especially inexperienced investors. There was a general opinion developing that shares had risen too rapidly and did not reflect the value of the companies. This applied to some areas of the market more than others. When the prices of shares on these companies began to drop, panic selling began.
Buying on the margin meant that companies in which investors had hoped to make a quick profit were more vulnerable to price fluctuations: when the price started to fall, it fell quickly, as shareholders needed to cover their debts.

Accept any other valid responses.

\n ", "marks": 10, "guideline": "" } ] }, { "partId": "b", "markschemeText": "‘The depression of 1937–38 showed that the New Deal had failed.’ How far do you agree?\n\nIndicative content:\nThere is evidence to support this view. As soon as federal funding was withdrawn from the agencies supporting employment, unemployment rose and share prices tumbled again. The New Deal had not solved the problems to the extent that economic indicators were stable without government support. Employment had never come down to the pre-crash level, and many New Deal jobs were temporary or boondoggle jobs. They put more money into the economy but did not help employers or business enough to prevent another recession. They had addressed the symptoms of the depression rather than the causes, such as structural weaknesses.\n\nOn the other hand, it can be argued that the New Deal had not failed. Measures to set financial institutions on a sounder footing had been successful. The New Deal had been successful in alleviating some of the features of the depression, for example, creating jobs. However, in 1937, FDR had simply followed the wrong advice and tried to reduce the budget deficit too soon. The policies were working; where they were not, they had been adapted. Nevertheless, further support was needed to address the remaining problems before the economy could be weaned off federal support. In addition, the world-wide depression was a factor beyond the control of the US government. It impacted the US economy in ways that the New Deal could not control or remedy, for example, by reducing export markets.\n\nAccept any other valid responses.", "totalMarks": 20, "answerPoints": [ { "type": "", "point": "\n \n

Indicative content:

There is evidence to support this view. As soon as federal funding was withdrawn from the agencies supporting employment, unemployment rose and share prices tumbled again. The New Deal had not solved the problems to the extent that economic indicators were stable without government support. Employment had never come down to the pre-crash level, and many New Deal jobs were temporary or boondoggle jobs. They put more money into the economy but did not help employers or business enough to prevent another recession. They had addressed the symptoms of the depression rather than the causes, such as structural weaknesses.

On the other hand, it can be argued that the New Deal had not failed. Measures to set financial institutions on a sounder footing had been successful. The New Deal had been successful in alleviating some of the features of the depression, for example, creating jobs. However, in 1937, FDR had simply followed the wrong advice and tried to reduce the budget deficit too soon. The policies were working; where they were not, they had been adapted. Nevertheless, further support was needed to address the remaining problems before the economy could be weaned off federal support. In addition, the world-wide depression was a factor beyond the control of the US government. It impacted the US economy in ways that the New Deal could not control or remedy, for example, by reducing export markets.

Accept any other valid responses.

\n ", "marks": 20, "guideline": "" } ] } ], "totalMarks": 30 }13:[["$","script",null,{"type":"application/ld+json","dangerouslySetInnerHTML":{"__html":"$20"}}],["$","$L21",null,{"quiz":"$11:1:props:quiz","question":{"id":331769,"question_type":"LONG_ANSWER_QUESTION","quiz_board":"CIE","difficulty_level":2,"created_at":"2026-11-04T13:20:08.749712+00:00","updated_at":"2026-11-04T13:20:09.540345+00:00","uuid":"b3087b9a-e1ff-471d-958d-7dbde0c37a8c","supported_files":[],"lexical_content":null,"width":null,"height":null,"description":"The Great Crash, the Great Depression and the New Deal policies, 1920-41\n (a) Explain why the value of shares fell rapidly in the Great Crash. [10]\n (b) 'The depression of 1937-38 showed that the New Deal had failed.' How far do you agree?\n[20]","answer_id":null,"has_numbered_choices":false,"choices_in_body":null,"choices":[],"question_explanations":[],"topic_questions":[{"topic":{"id":9196,"name":"Causes and impacts of the Great Depression","__typename":"topics"},"__typename":"topic_questions"},{"topic":{"id":9198,"name":"Roosevelt's New Deal policies","__typename":"topics"},"__typename":"topic_questions"}],"board":{"student_data_booklets":[{"subject_id":1,"public_pdf_url":"https://files.sudostudy.com/976939779380c57b67f0192f17e8ae0d.pdf","__typename":"student_data_booklets"},{"subject_id":2,"public_pdf_url":"https://files.sudostudy.com/1a9e5bbd80542eb4b315c57ed1efd765.pdf","__typename":"student_data_booklets"}],"__typename":"quiz_boards"},"parent_question":null,"__typename":"questions"},"questionNumber":2,"questionHtml":"$undefined","isLatestExam":false,"examBoard":"CIE","excludedParts":[],"longQuestionData":{"questions":[{"id":331769,"uuid":"b3087b9a-e1ff-471d-958d-7dbde0c37a8c","body":{"html":"$22","metadata":"$23"},"quiz_board":"CIE","subject_id":59,"difficulty_level":2,"topic_questions":[{"topic":{"id":9196,"name":"Causes and impacts of the Great Depression","__typename":"topics"},"__typename":"topic_questions"},{"topic":{"id":9198,"name":"Roosevelt's New Deal policies","__typename":"topics"},"__typename":"topic_questions"}],"quiz_questions":[{"question_number":2,"quiz":{"id":63441,"question_pdf":"https://files.sudostudy.com/question_2025_F_M_9489_22_us_history.pdf","answer_pdf":"https://files.sudostudy.com/answer_2025_F_M_9489_22_us_history.pdf","insert_paper_pdf":null,"paper_code":"F/M - 9489/22","year":2025,"data_files":null,"pre_release_materials":null,"__typename":"quizzes"},"__typename":"quiz_questions"}],"board":{"student_data_booklets":[{"subject_id":1,"public_pdf_url":"https://files.sudostudy.com/976939779380c57b67f0192f17e8ae0d.pdf","__typename":"student_data_booklets"},{"subject_id":2,"public_pdf_url":"https://files.sudostudy.com/1a9e5bbd80542eb4b315c57ed1efd765.pdf","__typename":"student_data_booklets"}],"__typename":"quiz_boards"},"__typename":"questions"}]}}]] 16:null 1a:[["$","title","0",{"children":"The Great Crash, the Great Depression and the New Deal po..."}],["$","meta","1",{"name":"description","content":"The Great Crash, the Great Depression and the New Deal policies, 1920-41\n (a) Explain why the value of shares fell rapidly in the Great Crash. [10]\n (b..."}],["$","meta","2",{"name":"keywords","content":"A Levels,US History,CIE,2025,F/M - 9489/22,Causes and impacts of the Great Depression,Roosevelt's New Deal policies,practice questions,exam preparation"}],["$","meta","3",{"property":"og:title","content":"The Great Crash, the Great Depression and the New Deal po..."}],["$","meta","4",{"property":"og:description","content":"The Great Crash, the Great Depression and the New Deal policies, 1920-41\n (a) Explain why the value of shares fell rapidly in the Great Crash. [10]\n (b..."}],["$","meta","5",{"property":"og:url","content":"https://sudostudy.com/quiz/63441/questions/2"}],["$","meta","6",{"property":"og:site_name","content":"SudoStudy"}],["$","meta","7",{"property":"og:type","content":"website"}],["$","meta","8",{"name":"twitter:card","content":"summary"}],["$","meta","9",{"name":"twitter:title","content":"The Great Crash, the Great Depression and the New Deal po..."}],["$","meta","10",{"name":"twitter:description","content":"The Great Crash, the Great Depression and the New Deal policies, 1920-41\n (a) Explain why the value of shares fell rapidly in the Great Crash. [10]\n (b..."}]]

2025 - F/M - 9489/22 | Q2

Question (2/2)

The Great Crash, the Great Depression and the New Deal policies, 1920–41