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Humanities
Roaring Economy To Great Depression
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Roaring Economy To Great Depression
Douglas Cook
21 August 2022
4.7
(114 reviews)
10 test answers
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(6)
question
While consumerism during the 1920s boosted the economy, it also led to
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higher debt
question
In the 1920s, the danger of buying stock on margin was that if the value of the stock dropped, borrowers
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had to make up the difference
question
In the 1920s, many rural banks failed because
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farmers could not repay their loans
question
Which industry boosted consumerism in the 1920s, feeding economic growth?
answer
advertising
question
Which statement best explains how farming affected the economic slowdown that led to the Great Depression?
answer
Even though prices and demand were falling, production increased.
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Which of the following best explains what happens when consumers think the economy is struggling?
answer
People spend less, businesses produce less, and unemployment rises.
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Which statement best explains how manufacturers contributed to the economic slowdown that led to the Great Depression?
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They were overproducing goods.
question
How did consumers weaken the economy in the late 1920s?
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Consumers bought too many goods they could not afford.
question
A part of the consumerism cycle is that manufacturers
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advertise goods
question
Businesses and industries in the 1920s most closely followed the buying demands of
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consumers
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