A Roaring Economy Answers
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In the consumer culture of the 1920s,
A
people purchased nonessential goods on a regular basis.B
people purchased only essential goods on a regular basis.C
people reduced their purchasing of essential goods.D
people reduced their purchasing of nonessential goods.2
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Look at the graph. During what years did consumerism cause the stock market to grow most?
A
1920–1921B
1921–1924C
1922–1925D
1924–19293
In the 1920s, the continued rise in the stock market and economic growth depended most on
A
bankers buying stocks with cash.B
investors buying stocks with cash.C
consumers buying goods on credit.D
consumers growing their own food.4
Study the graph, and then answer the question.Marginal Tax Rate, Tax Paid, and Tax Share for Those with Incomes over $100,000 from 1920 to 1929Which statement best describes the trends shown in the graph?
A
As the highest tax rate was reduced in the 1920s, the economy grew.B
As the highest tax rate was reduced in the 1920s, the economy struggled.C
As the highest tax rate was increased in the 1920s, the economy grew.D
As the highest tax rate was increased in the 1920s, the economy struggled.5
How did mass production affect consumers?
A
As factories became more efficient, they hired fewer workers, making jobs scarce.B
The prices of mass-produced goods decreased, making many items more affordable.C
Assembly lines reduced the variety of goods produced, so consumers had fewer choices.D
Mass-produced goods tended to have more defects, leaving consumers with worthless products.Did you find these answers helpful?
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