AnswersCR27 US History-2100310-S1-MeadowsA Roaring Economy

4.1 A Roaring Economy Answers

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1
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While consumerism during the 1920s boosted the economy, it also led to

A
more savings.
B
higher debt.
C
lower debt.
D
fewer stocks.
2
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During the 1920s, more people began to acquire shares of stock using

A
credit.
B
cash.
C
installments.
D
speculation.
3

How did mass production affect consumers?

A
As factories became more efficient, they hired fewer workers, making jobs scarce.
B
The prices of mass-produced goods decreased, making many items more affordable.
C
Assembly lines reduced the variety of goods produced, so consumers had fewer choices.
D
Mass-produced goods tended to have more defects, leaving consumers with worthless products.
4

Study the graph, and then answer the question.Marginal Tax Rate, Tax Paid, and Tax Share for Those with Incomes over $100,000 from 1920 to 1929Which statement best describes the trends shown in the graph?

Question illustration
A
As the highest tax rate was reduced in the 1920s, the economy grew.
B
As the highest tax rate was reduced in the 1920s, the economy struggled.
C
As the highest tax rate was increased in the 1920s, the economy grew.
D
As the highest tax rate was increased in the 1920s, the economy struggled.
5

To buy goods on credit means to

A
pay cash for goods.
B
promise to pay for goods later.
C
promise to pay only a sale price.
D
pay only a discount price.
6

Calvin Coolidge’s economic policies during the early 1920s helped people forget about the

A
Teapot Dome Scandal.
B
Wall Street Scandal.
C
Stock Investors Scandal.
D
Consumer Credit Scandal.
7

How did many manufacturers in the 1920s improve efficiency to meet increasing consumer demand?

A
They raised prices to reduce consumer demand, allowing time to meet production needs.
B
They resisted changing production and sales techniques so workers would not need retraining.
C
They offered a smaller variety of goods to focus on producing only a few products.
D
They adopted mass-production manufacturing techniques developed by Henry Ford.
8

In the 1920s, the continued rise in the stock market and economic growth depended most on

A
bankers buying stocks with cash.
B
investors buying stocks with cash.
C
consumers buying goods on credit.
D
consumers growing their own food.
9

A reason consumerism increased in the 1920s was because many working people

A
earned less money.
B
earned more money.
C
bought only essential goods.
D
bought only nonessential goods.
10

In the consumer culture of the 1920s,

A
people purchased nonessential goods on a regular basis.
B
people purchased only essential goods on a regular basis.
C
people reduced their purchasing of essential goods.
D
people reduced their purchasing of nonessential goods.

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