Roaring Economy to Great Depression - Quiz Quiz

Question 1

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

Revolt · Accepted Answer

A: Consumers bought too many goods they could not afford.

Question 2

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

Revolt · Accepted Answer

D: Consumers bought too many goods they could not afford.

Question 3

A part of the consumerism cycle is that manufacturers

Revolt · Accepted Answer

C: advertise goods.

Question 4

In the 1920s, many rural banks failed because

Revolt · Accepted Answer

D: farmers could not repay their loans.

Question 5

During the 1920s, people would buy stock on margin, which meant that they

Revolt · Accepted Answer

B: bought it on credit.

Question 6

A part of the consumerism cycle is that manufacturers

Revolt · Accepted Answer

C: advertise goods.

Question 7

What effect did the overuse of credit have on the economy in the 1920s?

Revolt · Accepted Answer

C: It made the economy weaker.

Question 8

How did the overproduction of goods in the 1920s affect consumer prices, and in turn, the economy?

Revolt · Accepted Answer

B: Consumer demand decreased, prices decreased, and the economy slowed.

Question 9

What is consumerism?

Revolt · Accepted Answer

A: a pattern of wanting and buying new products

Question 10

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

Revolt · Accepted Answer

C: consumers.

Roaring Economy to Great Depression - Quiz Quiz Answers