The Roaring Twenties Economy
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Questions and Answers

What was the general trend of the unemployment rate and consumer price index during the 1920s?

  • Unemployment was high, but the consumer price index was low
  • The unemployment rate was low, but the consumer price index was high
  • They were both increasing
  • They were both generally low (correct)

    • What was the impact of technological advancements on the production of goods?

  • It reduced the availability of goods for consumers
  • It led to a decrease in household income
  • It increased the availability of goods for consumers (correct)
  • It had no impact on the production of goods

    • What was the consequence of many people purchasing on credit during the 1920s?

  • A significant increase in household debt (correct)
  • A shift towards saving money
  • A decrease in household debt
  • No impact on household debt

    • What was the cultural phenomenon that characterized the 1920s?

    <p>A culture of consumerism</p> Signup and view all the answers

    What event marked the end of the Roaring Twenties and the beginning of the Great Depression?

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

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

    <p>Their unconventional lifestyles that contrasted with traditional gender norms</p> Signup and view all the answers

    What was the outcome of Calvin Coolidge's hands-off regulatory approach?

    <p>Increased wealth inequality and reckless market gambling</p> Signup and view all the answers

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

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

    What was the outcome of the stock market crash of 1929?

    <p>The onset of the Great Depression</p> Signup and view all the answers

    What was the name given to the era of economic prosperity during Calvin Coolidge's presidency?

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

    What was a major consequence of the rise of consumerism in the 1920s?

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

    What innovation revolutionized automobile manufacturing in the 1920s?

    <p>Assembly line production</p> Signup and view all the answers

    What was a characteristic of the 1920s consumerist culture?

    <p>Encouraging people to buy goods impulsively</p> Signup and view all the answers

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

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

    What was a cultural phenomenon that emerged in the 1920s?

    <p>All of the above</p> Signup and view all the answers

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