Boom And Bust

15 October 2022
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10 test answers

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question
During the 1920s, economic growth in the United States occurred
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rapidly and then slowed down.
question
What role did consumers play in slowing the economy down in the 1920s?
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Consumers demanded fewer goods.
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Businesses and industries in the 1920s most closely followed the buying demands of
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consumers.
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Which best summarizes American economic issues at the end of the 1920s?
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overproduction, too many credit purchases, stock speculation
question
Which best explains how the overproduction of goods in the 1920s affected consumer prices and the economy?
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Prices fell as consumer demand decreased, and the economy slowed down.
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Which best explains why people failed to make their promised payments on items during the 1920s?
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They bought too much.
question
During which decade did an economic boom and bust occur in the United States?
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1920s
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Which best explains what had happened by October 31, 1929, in the stock market?
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The market had lost much of its value.
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In the 1920s, what did businesses and industries do that caused the economy to slow down?
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They overproduced goods.
question
A strong stock market depends on
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overall confidence in the economy.