AnswersHSSUS US History Sem 1 26-27Road to Revolution

Boom and Bust Answers

0 verified answers2 views
1
Free Preview

During which decade did an economic boom and bust occur in the United States?

A
1900s
B
1910s
C
1920s
D
1930s
2
Free Preview

Which best explains how the overproduction of goods in the 1920s affected consumer prices and the economy?

A
Prices fell as consumer demand increased, and the economy grew.
B
Prices increased along with consumer demand, and businesses prospered.
C
Prices fell as consumer demand decreased, and the economy slowed down.
D
Prices increased but consumer demand decreased, and the economy grew.
3

Businesses and industries in the 1920s most closely followed the buying demands of

A
the government.
B
farmers.
C
consumers.
D
manufacturers.
4

What role did consumers play in slowing the economy down in the 1920s?

A
Consumers demanded fewer goods.
B
Consumers demanded more goods.
C
Consumer demanded less expensive goods.
D
Consumer demanded better-made goods.
5

During the 1920s, buying stock on credit was called

A
buying on speculation.
B
buying on a gamble.
C
buying on margin.
D
buying on margin call.
6

Which best summarizes American economic issues at the end of the 1920s?

A
overproduction, too many credit purchases, stock speculation
B
a decrease in credit to consumers, overproduction, stock speculation
C
underproduction, too many credit purchases, stock speculation
D
underproduction, a decrease in credit to consumers, stock speculation
7

When banks closed as a result of the financial crisis of the Great Depression, depositors

A
were given stock shares instead of cash in compensation.
B
could retrieve the money from their accounts before closure.
C
lost any savings they had kept at a closed bank.
D
could recover their savings from the government.
8

Look at the graph. Then answer the question.Which best explains what had happened in general by the end of October 1929 in the stock market?

Question illustration
A
The market had an overall rally.
B
The market had lost much of its value.
C
The market had totally collapsed.
D
The market had slowly inched upward.
9

A strong stock market depends on

A
many investors speculating.
B
many investors buying on margin.
C
most consumers buying on credit.
D
overall confidence in the economy.
10

Which is an example of using credit?

A
A consumer buys an item and pays by check.
B
A consumer buys an item and promises to pay later.
C
A consumer buys a share in a company.
D
A consumer buys an item and argues over the price.

Did you find these answers helpful?

More from this Course

Quiz
10 verified answers

Strikes and Unrest

Quiz
10 verified answers

Philanthropy and the Gospel of Wealth

Quiz
10 verified answers

World War I: From Isolation to Involvement

Boom and Bust Answers — HSSUS US History Sem 1…