AnswersAISD US History Studies Since 1877 A 2026-27Expanding Borders

Boom and Bust Answers

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1
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How did consumers weaken the economy in the late 1920s?

A
Consumers only bought a limited number of products.
B
Consumers bought too many goods they could not afford.
C
Consumers refused to pay high prices for agricultural goods.
D
Consumers increased their spending and only used cash.
2
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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.
3

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.
4

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

A
1900s
B
1910s
C
1920s
D
1930s
5

In the 1920s, what did businesses and industries do that caused the economy to slow down?

A
They hired more workers.
B
They speculated in the stock market.
C
They bought stocks on margin.
D
They overproduced goods.
6

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.
7

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.
8

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.
9

Which best explains why people failed to make their promised payments on items during the 1920s?

A
They bought too little.
B
They bought too much.
C
They bought on margin.
D
They speculated.
10

In 1929, unresolved economic issues led to

A
an increase in consumer demand.
B
a stock market crash.
C
a stock market boom.
D
an increase in the production of goods.

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