Roaring Economy To Great Depression QUIZ 100%

In the 1920s, how did manufacturers make products faster and more cheaply? - They reused old designs and models. - They offered a smaller range of goods. - They saved on costs by not advertising as much. - They adopted Henry Ford's manufacturing techniques.

A part of the consumerism cycle is that manufacturers - do not advertise goods. - sell goods only for cash. - advertise goods. - make fewer goods.

What is consumerism? - a pattern of wanting and buying new products - a pattern of saving most of one's money - a pattern of raising prices on store-bought goods - a pattern of lowering prices on farm-produced goods

While consumerism during the 1920s boosted the economy, it also led to - more savings. - higher debt. - lower debt. - fewer stocks.

Which industry boosted consumerism in the 1920s, feeding economic growth? - advertising - electricity - farming - manufacturing

What does a strong economy depend on the most? - many investors speculating. - many banks giving many people loans. - most consumers buying on credit. - most people's confidence in the economy.

Businesses and industries in the 1920s most closely followed the buying demands of - government. - farmers. - consumers. - manufacturers.

In the 1920s, many rural banks failed because - banks had speculated in stocks. - farmers could not repay their loans. - the stock market surged. - consumers took their money out.

What effect did the overuse of credit have on the economy in the 1920s? - It made the economy stronger. - It made the economy weaker. - It made parts of the economy stronger. - It solved the problem of overproduction.

Which statement best explains how farming affected the economic slowdown that led to the Great Depression? - High demand was met with high output. - Produce prices were constantly rising. - Large machines made farms more efficient. - Even though prices and demand were falling, production increased.