AnswersAZ-USAZ History B SS302Roaring Economy to Great Depression

Roaring Economy to Great Depression Answers

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1
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A part of the consumerism cycle is that manufacturers

A
do not advertise goods.
B
sell goods only for cash.
C
advertise goods.
D
make fewer goods.
2
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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 goods.
D
Consumers increased their spending and used only cash.
3

What does a strong economy depend on the most?

A
many investors speculating.
B
many banks giving many people loans.
C
most consumers buying on credit.
D
most people’s confidence in the economy.
4

In the 1920s, how did manufacturers make products faster and more cheaply?

A
They reused old designs and models.
B
They offered a smaller range of goods.
C
They saved on costs by not advertising as much.
D
They adopted Henry Ford’s manufacturing techniques.
5

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

A
government.
B
farmers.
C
consumers.
D
manufacturers.
6

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

A
bought it on credit.
B
paid cash for it.
C
paid in installments.
D
bought it on speculation.
7

In the 1920s, many rural banks failed because

A
banks had speculated in stocks.
B
farmers could not repay their loans.
C
the stock market surged.
D
consumers took their money out.
8

Which statement best explains how farming affected the economic slowdown that led to the Great Depression?

A
High demand was met with high output.
B
Produce prices were constantly rising.
C
Large machines made farms more efficient.
D
Even though prices and demand were falling, production increased.
9

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

A
more savings.
B
higher debt.
C
lower debt.
D
fewer stocks.
10

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

A
Consumer demand increased, prices decreased, and the economy grew.
B
Prices increased along with consumer demand, and the economy grew.
C
Consumer demand decreased, prices decreased, and the economy slowed.
D
Prices increased, consumer demand decreased, and the economy grew.

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