A Roaring Economy

Question 1

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

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Teapot Dome Scandal.

Question 2

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

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credit.

Question 3

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

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earned more money.

Question 4

The land called Teapot Dome in Wyoming was valuable because

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it produced oil.

Question 5

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

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higher debt.

Question 6

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 7

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 8

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

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Warren G. Harding.

Question 9

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?

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Tax Reductions Lead to Economic Growth in the 1920s

Question 10

To buy goods on credit means to

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promise to pay for goods later.

A Roaring Economy Answers

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