A Roaring Economy

Question 1

How did mass production affect consumers?

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The prices of mass-produced goods decreased, making many items more affordable.

Question 2

In the consumer culture of the 1920s,

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people purchased nonessential goods on a regular basis.

Question 3

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 4

The land called Teapot Dome in Wyoming was valuable because

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it produced oil.

Question 5

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 6

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

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credit.

Question 7

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

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advertised goods.

Question 8

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

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Teapot Dome Scandal.

Question 9

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

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higher debt.

Question 10

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

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consumerism.

A Roaring Economy Answers

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