Impact of Consumer Revolution in the 1920s

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What technique did Henry Ford implement to revolutionize mass production?

Scientific management and assembly line (correct)

Credit expansion

Consumer revolution

Stock Market strategy

Which event fueled the greatest economic boom in American history during the 1920s?

Bull Market in stocks

World War I

Consumer revolution (correct)

Credit expansion

What did Henry Ford hire experts for to improve his manufacturing techniques?

Consumer behavior study

Stock Market analysis

Scientific management advice (correct)

Credit financing tips

Which factor contributed significantly to the increased industrial output during the 1910s?

World War I Signup and view all the answers

What method did Henry Ford use to quicken the manufacture of identical products?

Assembly line with one worker per step Signup and view all the answers

How did the booming economy of the 1920s impact American life?

Led to changes in lifestyle Signup and view all the answers

What was one of the impacts of the automobile during the consumer revolution in the 1920s?

Increased accessibility to affordable goods Signup and view all the answers

How did the consumer revolution in the 1920s affect the stock market?

It led to a boom in the stock market Signup and view all the answers

Which of the following was NOT a consumer good that became popular during the 1920s?

Steam engines Signup and view all the answers

How did people typically purchase items like radios and cars in the 1920s?

Through installment plans Signup and view all the answers

What financing innovation became popular during the consumer revolution in the 1920s?

Easy credit and borrowing Signup and view all the answers

What factor contributed significantly to the rise of consumerism during the 1920s economic boom?

Advertising campaigns promoting buying Signup and view all the answers

What was a significant characteristic of the American stock market during the 1920s?

A period of rising stock prices Signup and view all the answers

How did many Americans hope to get rich quickly during the 1920s?

By buying stocks using risky methods Signup and view all the answers

What does it mean to 'buy on margin' in the context of stock markets?

Paying very little upfront and the rest later Signup and view all the answers

'Return to normalcy' was a slogan used by which president during the 1920s?

Warren G. Harding Signup and view all the answers

Which president promised a 'return to normalcy' in the 1920s?

Warren G. Harding Signup and view all the answers

What was the main reason behind Americans supporting Warren G. Harding's presidential campaign in 1920?

Desire for a 'return to normalcy' Signup and view all the answers