The 1920s: Politics and Economy Quiz

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Questions and Answers

What was one major cause of the Great Depression?

Increased agricultural prices

High consumer spending

Strong foreign demand for American goods

Poor diversification in the US economy (correct)

Hoover believed that the US economy would recover quickly from the Great Depression.

False

What food-related issue became significant during Hoover's response to the Great Depression?

Food scarcity

Shelters constructed during the Great Depression were commonly referred to as __________.

Hoovervilles Signup and view all the answers

Match the following terms with their descriptions:

Hoover blankets = Newspapers used for warmth Hoover wagons = Cars pulled by horses Hoovervilles = Makeshift homes during the depression Signup and view all the answers

Which of the following events occurred during the 1920 election?

Women's suffrage was achieved Signup and view all the answers

Warren G. Harding was known for his strong legislative achievements in the Senate.

False Signup and view all the answers

What was the name of the pact signed by 100 nations that aimed to outlaw wars like World War I?

Kellogg Brand Pact Signup and view all the answers

Calvin Coolidge was nicknamed the __________.

Silent Cal Signup and view all the answers

The Teapot Dome Affair involved which of the following?

Bribes on oil leases Signup and view all the answers

Match the following figures with their roles during the Harding administration:

Warren G. Harding = President during the scandalous Ohio Gang period Harry Daugherty = Attorney General implicated in corruption Charles Forbes = Pocketed money from medical supply sales Albert Fall = Secretary of the Interior involved in Teapot Dome Affair Signup and view all the answers

The 4 Power treaty called for the reduction of naval forces among the United States, Great Britain, Japan, and Italy.

True Signup and view all the answers

What was one of Calvin Coolidge's main economic policies?

Cut taxes and government spending Signup and view all the answers

What was one reason income tax was raised during World War I?

To fund the war efforts Signup and view all the answers

Herbert Hoover won the election of 1928 after Coolidge decided to run again.

False Signup and view all the answers

What type of market is characterized by rising stock prices?

Bull market Signup and view all the answers

Henry Ford paid his workers _____ dollars a day, enabling them to afford cars.

five Signup and view all the answers

Match the following events with their significance:

Black Monday = Significant drop in stock prices Margin buying = Buying stocks with borrowed money Election of 1928 = Hoover becomes president Roaring Twenties = Economic prosperity and consumerism Signup and view all the answers

Which product was notably linked to the rise of consumerism in the 1920s?

Washing machines Signup and view all the answers

The Dow Jones Average was 88 in 1928 and tripled in one year.

True Signup and view all the answers

What was a major consequence of the stock market crash in 1929?

25% drop in stock prices Signup and view all the answers

Study Notes

The 1920s: Politics and Economics

Spectator sports (baseball, basketball, football) gained popularity.
Consumerism increased.
Women's roles changed.
The 1920 election saw a Democratic candidate (James Cox) advocating for the US joining the League of Nations, while the Republican candidate (Warren G. Harding) promised a "return to normalcy."
Harding's administration was plagued by scandals, including the Ohio Gang and Charles Forbes's improper money collection. Albert Fall was involved in the Teapot Dome Affair.
The Washington Naval Conference aimed to reduce naval size and respect possessions in the Pacific.
The 4-Power treaty and 5-Power treaty were agreements on naval disarmament.
The 9-Power treaty focused on respecting the open door policy in China.
Calvin Coolidge, Harding's successor, prioritized economic fixes and cut taxes, aiming to put money into consumers' hands.

Coolidge Economy Efforts

Coolidge sought to continue Harding's reforms, focusing on the transition from wartime to peacetime production to stimulate the economy.
He reduced government spending and cut taxes to boost consumer spending.
Government regulations were relaxed to allow business to thrive.

Consumerism Boost

Cars became popular, especially the Model T, which Henry Ford made affordable for workers with wages and credit.
Other consumer goods like radios, refrigerators, and washing machines were in high demand.
Urban living surpassed rural living for the first time in the US.

Election of 1928

Herbert Hoover ran for president, inheriting an already burgeoning economy.

New York Stock Exchange (1928)

The Dow Jones Industrial Average reached a significant high in 1928.
The stock market experienced heavy buying with speculation and margin buying (buying stocks with borrowed money).

Stock Market Crash

The stock market experienced a major decline in 1929.
The crash led to the Great Depression.

Causes of the Great Depression

Poor diversification of the US economy, primarily relying on industrial output. Farm prices fell, which harmed agricultural economies.
Over-reliance on durable goods; items that last long didn't consistently require replacement.
Weak foreign demand, as other countries began producing their own goods and no longer relied on US products.

Hoover's Response

Hoover's administrations failed to grasp the severity of the depression.
Economic hardship led to widespread hardship, including unemployment and hunger.

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Description

Test your knowledge of the political and economic landscape of the 1920s in America. Explore key events, figures, and policies that shaped this transformative decade, including the rise of consumerism, the significance of presidential elections, and major treaties. Dive into the complexities of Harding's and Coolidge's administrations and their impacts on the nation.