A Roaring Economy

Question 1

For most of the 1920s, how did the growth of credit affect the stock market?

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Investors bought more stocks on margin, and the stock market rose.

Question 2

To buy goods on credit means to

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promise to pay for goods later.

Question 3

The land called Teapot Dome in Wyoming was valuable because

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it produced oil.

Question 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?

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As the highest tax rate was reduced in the 1920s, the economy grew.

Question 5

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

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Warren G. Harding.

Question 6

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

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consumerism.

Question 7

During the 1920s, more people began to acquire shares of stock using

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credit.

Question 8

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

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earned more money.

Question 9

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

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They adopted mass-production manufacturing techniques developed by Henry Ford.

Question 10

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

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the rich and the poor.

A Roaring Economy Answers

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