AnswersAL US History B CRThe Great Migration

Roaring Economy to Great Depression Answers

0 verified answers
1
Free Preview

What is consumerism?

A
a pattern of wanting and buying new products
B
a pattern of saving most of one’s money
C
a pattern of raising prices on store-bought goods
D
a pattern of lowering prices on farm-produced goods
2
Free Preview

Which statement best explains how manufacturers contributed to the economic slowdown that led to the Great Depression?

A
They were overproducing goods.
B
They were not meeting consumer demands.
C
They were charging high prices for their products.
D
They were unable to pay back loans borrowed from banks.
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

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.
5

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.
6

In the 1920s, the danger of buying stock on margin was that if the value of the stock dropped, borrowers

A
had to make up the difference.
B
lost ownership of the stock.
C
could no longer speculate on stock.
D
could no longer get credit.
7

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

A
government.
B
farmers.
C
consumers.
D
manufacturers.
8

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

A
People spend more, businesses produce less, and unemployment rises.
B
People spend more, businesses produce a lot, and unemployment is low.
C
People spend less, businesses produce too much, and unemployment is low.
D
People spend less, businesses produce less, and unemployment rises.
9

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

A
advertising
B
electricity
C
farming
D
manufacturing
10

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.

Did you find these answers helpful?

More from this Course

Quiz
10 verified answers

American Life in the Great Depression

Quiz
10 verified answers

Roosevelt's Hundred Days

Quiz
10 verified answers

The New Deal