Pretest

Question 1

A reason consumerism increased in the 1920s was because many working people

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earned more money.

Question 2

President Harding’s economic policies during the 1920s contributed to the rise of

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consumerism.

Question 3

For most of the 1920s, how did the growth of credit affect the stock market?

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Investors bought more stocks on margin, and the stock market rose.

Question 4

In the 1920s, the continued rise in the stock market and economic growth depended most on

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consumers buying goods on credit.

Question 5

In the 1920s, a reflection of the weakening economy was the growing gap between

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the rich and the poor.

Question 6

While consumerism during the 1920s boosted the economy, it also led to

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higher debt.

Question 7

To buy goods on credit means to

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promise to pay for goods later.

Question 8

During the 1920s, more people began to acquire shares of stock using

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credit.

Question 9

In the consumer culture of the 1920s,

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people purchased nonessential goods on a regular basis.

Question 10

An important feature of consumerism in the 1920s was that manufacturers

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advertised goods.

Pretest Answers