Boom and Bust Answers

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To meet demand in the early 1920s, businesses and industries produced

fewer goods that were more expensive.

more goods that were less expensive.

fewer goods with less government regulation.

more goods with more government regulation.

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Which best summarizes American economic issues at the end of the 1920s?

overproduction, too many credit purchases, stock speculation

a decrease in credit to consumers, overproduction, stock speculation

underproduction, too many credit purchases, stock speculation

underproduction, a decrease in credit to consumers, stock speculation

Which best explains how the overproduction of goods in the 1920s affected consumer prices and the economy?

Prices fell as consumer demand increased, and the economy grew.

Prices increased along with consumer demand, and businesses prospered.

Prices fell as consumer demand decreased, and the economy slowed down.

Prices increased but consumer demand decreased, and the economy grew.

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