AnswersHSSUS US History Sem 1 26-27Road to Revolution

A Roaring Economy Answers

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1
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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.
2
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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.
3

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

A
consumerism.
B
savings.
C
product prices.
D
crop prices.
4

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.
5

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

A
credit.
B
cash.
C
installments.
D
speculation.
6

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.
7

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.
8

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
9

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

A
Investors bought more stocks on margin, and the stock market rose.
B
Investors bought more stocks with cash, and the stock market rose.
C
Investors took fewer risks on stocks, and the stock market declined.
D
Investors took more risks on stocks, and the stock market declined.
10

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.

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