AnswersCR27 US History-2100310-S1-MeadowsA Roaring Economy

A Roaring Economy Answers

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In the 1920s, a reflection of the weakening economy was the growing gap between

A
farmers and laborers.
B
the rich and the poor.
C
stockbrokers and bankers.
D
consumers and sellers.
2
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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.
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

President Harding’s economic policies during the 1920s contributed to the rise of

A
consumerism.
B
savings.
C
product prices.
D
crop prices.
5

An important feature of consumerism in the 1920s was that manufacturers

A
avoided advertising goods.
B
sold goods only for cash.
C
advertised goods.
D
made fewer goods.
6

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.
7

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.
8

Read the excerpt from a presidential address given by Calvin Coolidge in 1925.I have been unable to determine how reduction in taxes is injurious [harmful] to business. Each tax reduction has been followed by a revival of business. If there is one thing above all others that will stimulate business, it is tax reduction. If the government takes less, private business can have more. If constructive economy in federal expenditure can be assured, it will be a stimulation to enterprise and investment.Which would be the best headline for this presidential address?

A
Tax Reductions Remain Unpopular in the 1920s
B
Tax Increases Are the Solution to 1920s Economic Problems
C
Tax Increases Have No Supporters in the 1920s
D
Tax Reductions Lead to Economic Growth in the 1920s
9

Look at the graph. During what years did consumerism cause the stock market to grow most?

Question illustration
A
1920–1921
B
1921–1924
C
1922–1925
D
1924–1929
10

The US president whose economic policies were connected to the Teapot Dome Scandal was

A
Theodore Roosevelt.
B
Warren G. Harding.
C
Calvin Coolidge.
D
Franklin Roosevelt.

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