The Roaring Twenties: American Economy of the 1920s
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Questions and Answers

What was the general trend of the unemployment rate during the 1920s?

  • It fluctuated wildly
  • It was generally low (correct)
  • It remained high
  • It increased steadily
  • What contributed to the increase in household income during the 1920s?

  • Improvements in technology (correct)
  • Decrease in technology
  • World War I
  • Increase in taxation
  • What cultural phenomenon emerged during the 1920s?

  • A culture of consumerism (correct)
  • Anti-consumerism
  • A culture of saving
  • Isolationism
  • What was a consequence of the purchase of goods on credit during the 1920s?

    <p>A significant increase in household debt</p> Signup and view all the answers

    What event marked the onset of the Great Depression?

    <p>The Wall Street Crash of 1929</p> Signup and view all the answers

    What event led to the revelation of the economic foundation of the Roaring Twenties as unstable?

    <p>The Wall Street Crash of 1929</p> Signup and view all the answers

    What innovation in manufacturing made cars more common in the United States during the 1920s?

    <p>Henry Ford's efficient manufacturing methods</p> Signup and view all the answers

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

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

    What was a major drawback of consumerism in the 1920s?

    <p>The pursuit of worthless goods to 'keep up with the Joneses'</p> Signup and view all the answers

    What was a significant cultural development in the 1920s?

    <p>The emergence of a youth culture</p> Signup and view all the answers

    What group of women defined the push for women's independence in the 1920s?

    <p>Flappers</p> Signup and view all the answers

    Who was the US president who benefited from the strong economic conditions in the 1920s?

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

    What was the name given to the period of economic prosperity in the 1920s?

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

    What was a major contributing factor to the stock market crash of 1929?

    <p>Overconsumption and market speculation</p> Signup and view all the answers

    What event marked the onset of the Great Depression?

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

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