The American Economy of the 1920s
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Questions and Answers

Which economic indicator was generally low throughout the majority of the 1920s?

  • Consumer debt
  • Consumer price index
  • GDP per capita
  • Unemployment rate (correct)
  • What cultural development earned the 1920s the nickname 'Roaring Twenties'?

  • Great works of American literature
  • Increase in household debt
  • Technological advancements in production
  • Rise of consumerism (correct)
  • Which event marked the beginning of the Great Depression in the United States?

  • Rise of consumerism
  • Multicausal economic phenomenon
  • Wall Street Crash of 1929 (correct)
  • Boom period of the 1920s
  • What led to a significant increase in household debt by the end of the 1920s?

    <p>Purchasing on credit</p> Signup and view all the answers

    What was a notable aspect of the Roaring Twenties according to the text?

    <p>Broad prosperity and rise of consumerism</p> Signup and view all the answers

    What major event exposed the economic instability that underpinned the prosperity of the Roaring Twenties?

    <p>The Stock Market Crash of 1929</p> Signup and view all the answers

    Which technological advancement played a crucial role in promoting new products and services through advertising in the 1920s?

    <p>The widespread access to radio</p> Signup and view all the answers

    What was a significant reason for the rise of consumerism in the 1920s?

    <p>Rising prosperity and strong economic conditions</p> Signup and view all the answers

    Which trend contributed significantly to the surge in household debt in the 1920s?

    <p>Introduction of credit plans</p> Signup and view all the answers

    What cultural era is often associated with the liberal and free-spirited pop culture developments of the 1920s?

    <p>Jazz Age</p> Signup and view all the answers

    What was the main defining characteristic of flappers in the 1920s?

    <p>They stood out for their unconventional lifestyles and push for women's independence.</p> Signup and view all the answers

    Which president succeeded Warren G. Harding and implemented a hands-off regulatory approach focused on tax cuts and light business regulation?

    <p>Calvin Coolidge</p> Signup and view all the answers

    What contributed to the stock market crash of 1929?

    <p>Overinflated shares from market inflation</p> Signup and view all the answers

    What was one factor that signaled the onset of the Great Depression in the United States?

    <p>The stock market crash of 1929</p> Signup and view all the answers

    How did some people view the economic era during Calvin Coolidge's presidency?

    <p>'Coolidge Prosperity'</p> Signup and view all the answers

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