A Roaring Economy Answers

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1
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Look at the graph. During what years did consumerism cause the stock market to grow most?

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A
1920–1921
B
1921–1924
C
1922–1925
D
1924–1929
2
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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.
3

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.
4

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

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

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.
7

The land called Teapot Dome in Wyoming was valuable because

A
it was fertile.
B
it produced oil.
C
it was a vast grassland.
D
it had a copper mine.
9

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.
10

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

A
more savings.
B
higher debt.
C
lower debt.
D
fewer stocks.

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