Roaring Economy to Great Depression

Question 1

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

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bought it on credit.

Question 2

Which industry boosted consumerism in the 1920s, feeding economic growth?

Revolt · Accepted Answer

advertising

Question 3

Which of the following best explains what happens when consumers think the economy is struggling?

Revolt · Accepted Answer

People spend less, businesses produce less, and unemployment rises.

Question 4

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

Revolt · Accepted Answer

It made the economy weaker.

Question 5

In the 1920s, many rural banks failed because

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farmers could not repay their loans.

Question 6

What is consumerism?

Revolt · Accepted Answer

a pattern of wanting and buying new products

Question 7

A part of the consumerism cycle is that manufacturers

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advertise goods.

Question 8

What does a strong economy depend on the most?

Revolt · Accepted Answer

most people’s confidence in the economy.

Question 9

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

Revolt · Accepted Answer

consumers.

Roaring Economy to Great Depression Answers